Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow Budgeted Activity Usage 7,600 189 780 540 Process Activity Budgeted Cost Activity Cost Driver Assembly Machining $ 310, 600 Machine hours (PH) Setups 20, eee Setups $ 330,6ee Finishing Inspecting $ 220,089 Inspections Support Purchasing 5 134,000 Purchase orders Additional production information concerning its two models follows Units and Activities Model x Model z Units produced 1,800 3,600 Machine hours 2.eee 5,600 Setups 120 Inspections 480 3ee Purchase orders 360 180 Per Unit Selling price per unit Model x $ 420 Model z $400 115 145 Per Unit Model X Model z Selling price per unit $ 420 $ 400 Direct materials cost per unit 145 Direct labor cost per unit 135 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 CA 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 Inspection Purchasing Required 1 Required 2 > Activity Usage Activity Rate Allocated Cost overhead cost per unit=Model X Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit ces Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Model Z Activity Machining Setups Inspection Purchasing Total allocated cost Units produced 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 intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Model X Model Z For each model , compute the gross profit per unit (selling price per unit minus product cost per unit). (Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Negative amounts should be indicated with a minus sign.) Per Unit Selling Price Product cost per unit Gross Profit Model X Model 2