Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Rounded Edge Squared Edge Total Direct materials Direct labor Overhead (using plantwide rate) $ 40,800 13,600 47,400 $ 52,800 35,200 89,400 $ 93,600 48,800 136,800 Total product cost Units produced $ 101,800 13,600 $ 177,400 17,600 $ 279,200 Product cost per unit $ 7.49 $ 10.08 Northwest's controller wants to apply activity-based costing to allocate the $136,800 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 Budgeted Cost $ 7,200 71,000 58,600 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge Activity Usage Squared Edge 199 orders 500 hours 40 setups 521 orders 1,500 hours 210 setups Total 720 orders 2,000 hours 250 setups Total $ 136,800 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 Budgeted Cost Budgeted Activity Usage Activity Rate 40 setups Activity Usage Squared Edge 521 orders 1,500 hours 210 setups Activity Purchasing Budgeted Cost $ 7,200 Activity Cost Driver Purchase orders Rounded Edge Depreciation of machinery 71,000 Machine hours 199 orders 500 hours Setup 58,600 Setups Total $ 136,800 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 3 Compute overhead cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 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 Northwest's controller wants to apply activity-based costing to allocate the $136,800 of overhead cost to whether product cost per unit would change markedly from that above. The company's budgeted activit activity usage for the period. The following additional information is collected. Activity Purchasing Budgeted Cost $ 7,200 Activity Cost Driver Purchase orders Rounded Edge A S 199 orders Depreciation of machinery 71,000 Machine hours 500 hours 1 Setup 58,600 Setups 40 setups Total $ 136,800 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 and final answers to 2 decimal places.) Per Unit Rounded Edge Direct Materials Squared Edge Direct Labor Overhead Product Cost per Unit