Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. Budgeted Activity Usage 7,600 120 Process Activity Budgeted cost Activity Cost Driver Assembly Machining $ 310,800 Machine hours (MH) Setups 22,000 Setups $ 332,800 Pinishing Inspecting $ 226,000 Inspections Support Purchaning $ 130,000 Purchase orders Additional production information concerning its two models follows. 860 570 Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model X 1,800 2,200 40 540 380 Model 2 3,600 5,400 80 320 190 Per Unit Model x Model z Selling price per unit $ 415 $ 395 Direct materials cost per unit 145 100 Direct labor cost per unit 120 120 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