Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Direct materials Direct labor $ 31,200 Rounded Edge Squared Edge $ 44,800 Total: $ 76,000 Overhead (using plantwide rate) 12,200 36,600 23,800 71,400 Total product cost Units produced Product cost per unit $ 80,000 10,000 $8 $ 140,000 36,000 108,000 $220,000 14,000 $ 10 Northwest's controller wants to apply activity-based costing to allocate the $108,000 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 Required: Budgeted Cost $ 5,400 56,600 46,000 Activity Cost Driver Purchase orders Machine hours Rounded Edge 109 orders 500 hours Setups $ 108,000 40 setups Activity Usage Squared Edge 431 orders 1,500 hours 210 setups Total 540 orders 2,000 hours setups 250 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 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 Activity Usage 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 Rate Allocated Cost Activity Usage Activity Rate Allocated Cost Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Do not round intermediate values. Round your answers to 2 decimal places.) Per Unit Rounded Edge Direct Materials Squared Edge Direct Labor Overhead Product Cost per Unit