- Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow Process Assembly Activity Machining Setups Activity Cost Driver Machine hours (20) Setups Budgeted Activity Usage 7,400 120 Budgeted Cost $ 310, 800 22.000 $ 332,800 $ 220,000 $ 132,000 820 Finishing Support Inspecting Purchasing Inspections Purchase orders 540 tes Additional production Information concerning its two models follows: Units and Activities Model X Model 2 Units produced 1,600 3,200 Machine hours 2,400 5,000 Setups 40 Inspections 480 340 Purchase orders 360 180 Per Unit Selling price per unit Direct materials cost per unit Model X $405 160 Model $385 135 AULIUUIISI POUULLUT TUOTE CONCEM IS WOHDUES TOHOWS. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model X 1,600 2,400 40 480 360 Model z 3,200 5,000 80 340 180 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model X $ 405 160 125 Model z $ 385 115 140 es 1. Compute the activity rate for each activity using activity-based costing, 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model 4. For each model compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 1 Required 2 Required 3 Required 4 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Machining Setups Inspecting Purchasing Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Model X Activity Machining Setups Inspection Purchasing Total alocated cost Units produced Overhead cost per unit Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Model z Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the total product cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other intern calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Direct Materials Direct Labor Overhead Per Unit Model X Model Z Product Cost per Unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (R per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the nearest whole Negative amounts should be indicated with a minus sign.) Per Unit Selling Price Product cost per unit Gross Profit Model X Model z