Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Direct materials Direct labor Overhead (using plantwide rate) $ 33,600 11,200 40,200 Rounded Edge Squared Edge $ 45,600 Total $ 79,200 30,400 77,400 41,600 117,600 Total product cost Units produced Product cost per unit $ 85,000 11,200 $ 7.59 $ 153,400 15,200 $ 238,400 $ 10.09 Northwest's controller wants to apply activity-based costing to allocate the $117,600 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Purchasing Depreciation of machinery Setup Total Budgeted Cost $ 6,000 61,400 Activity Cost Driver Purchase orders Rounded Edge Activity Usage Squared Edge Total Machine hours 50,200 Setups 139 orders 500 hours 40 setups 461 orders 1,500 hours 210 setups 600 orders 2,000 hours 250 setups $ 117,600 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Purchasing Depreciation Setup Budgeted Cost Budgeted Activity Usage Activity Rate < Required 1 Required 2 > Required 1 Required 2 Required 3 Compute overhead cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Overhead cost per unit-Rounded Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Activity Usage Activity Rate Allocated Cost Activity Usage Activity Rate Allocated Cost < Required 1 Required 3 > Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round intermediate calculations and final answers to 2 decimal places.) Per Unit Rounded Edge Direct Materials Direct Labor Overhead Product Cost per Unit Squared Edge < Required 2 Required 3 >