Ice Cool produces two different models of alr conditioners. The activities, costs, and cost drivers associated with the production processes follow Process Assembly Activity Machining Setups Activity Cost Driver Machine hours (MH) Setups Budgeted Activity Usage 6, eee 120 Budgeted Cost $ 279,900 24,880 $ 303,880 $ 210,000 $ 135,000 Finishing Inspecting 700 Inspections Purchase orders Support Purchasing 450 Additional production Information concerning its two models follows. .es Units and Ac Units produced Machine hours Setups Inspections Purchase orders Model x 1,724 1,8ee 40 400 380 Model 3,463 4,200 80 300 150 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model X $ 420 100 150 Model 2 $ 400 90 16e 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.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Machining Setups Inspection Purchasing Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using activity-based costing, compute the overhead cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) 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 $ 0 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 $ 0 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. (Do not round intermediate calculations.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Model X Model Z