Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. Budgeted Activity Process Activity Assembly Machining Setups Budgeted Cost $ 310,800 22,000 $ 332,800 Activity Cost Driver Usage Machine hours (MH) 7,800 Setups 180 Finishing Inspecting Support Purchasing $ 230,000 $132,000 Inspections 760 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Per Unit Selling price per unit Model X Model z 1,400 2,800 2,400 5,400 60 120 500 260 340 170 Model X Model z $415 145 $395 110 135 125 Direct materials cost per unit Direct labor cost per unit 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 enterinn u