Hercules Industries manufactures two types of electrical power units, custom and standard which involve four overhead activities production setup, procurement quality control and materials management. An activity analysis of the veted revealed the following stated costs and activity bases for these activities Activity Activity Base Production $ 65,250 Number of setup Procurement 104,500 Number of purchase orders (PO) Quality control 143,000 Number of inspections Materials management 120.000 Number of components Total $42.750 The activity-base e antities for each product are as follows: Purchase Setups Orders Inspections Components Unit Volume 300 700 400 Standard 150 400 800 390 1.000 Total 1.100 2.200 700 2.000 a. Determine a activity rate for each activity Activity Rates Production Setup Procurement Quality Control Materials Management Activity cost Activity base IPO Inspection component b. Assign activity costs to each product, and determine the unit activity cost using the activity rates from part(s). Round unt costs to the nearest cent Custom Standard Setups Total Purchase orders Total Inspections Total Components Total Total productos 001 b. Assign activity costs to each product, and determine the unit activity cost using the activity rates from part (a). Round unit costs to the nearest cent. Custom Standard Setups Total Purchase Orders Total Inspections Total Components Total Total product cost Unit volume Unit cost c. Assume that each product required one direct labor hour per unit. Determine the per unit cost if factory overhead is allocated on the basis of direct labor hours. Round your answer to the nearest cent. per unit d. The custom product will consume materials management activities than will the standard product