Les all Learning Obiective 2 eBook Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the beginning of the year, the following data were prepared for this plant: Quantity Selling price Deluxe Regular 100,000 800,000 $900 $529 $750 $483 Unit prime cost In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 $2,000,000 Machining Machine hours 100,000 300,000 80,000,000 Engineering Engineering hours 50,000 100,000 6,000,000 Packing Packing orders 100,000 400,000 100,000 Required: 1. Calculate the overhead rates for each activity. (Round to two decimal places.) Setups Machining Engineering X per setup X per machine hour per engineering hour per packing order Packing 2. Calculate the per-unit product cost for each product. (Round to the nearest dollar.) Deluxe per unit Regular $ per unit