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 Budgeted Cost $310,000 22,000 $ 332,000 Budgeted Activity Activity Cost Driver Usage Machine hours (MH) 7,600 Setups 120 Finishing 1:05 Support Inspecting Purchasing $ 224,000 $132,000 Inspections 780 Purchase orders 540 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 1,800 3,600 2,200 5,400 40 80 460 320 360 180 Model X Model Z $ 415 $395 155 105 130 125) 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 entering your answers in the tabs below. 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.) Artivitu Rudnated Cast Rudinate Il Proctorio is sharing your screen. Stop sharing Prey 15 of 24 Hide Next >