information in Problem 17-2A. Additional information on overhead cost follows. Activity Assembly Budgeted Cost Electricity $168,000 24,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Budgeted Activity Usage 42,000 10,000 Materials purchasing Total 60,000 $252,000 Purchase orders (PO) 400 Required 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Usage Activity Cost Driver Pup tents Pop-up tents 30,000 12,000 Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) 4,000 150 6,000 250 Problem 17-2A Using plantwide overhead rate to allocate overhead cost, and compute overhead cost per unit and gross profit per unit P1 Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Selling Price Direct Materials Direct Labor Pup tent $78 $20 $45 Pop-up tent 73 25 30 Required 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 42,000 direct labor hours. 2. Pup tents use 3 direct labor hours (DLH) per unit and Pop-up tents use 2 direct labor hours per unit. Compute the overhead cost per unit for each product. 3. Compute the product cost per unit for each product. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Activity Usage Pup tents Pop-up tents 30,000 12,000 4,000 6,000 150 250 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit)