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 $ 33,50 $ 45,600 $ 79,200 Direct labor 11,200 30,400 41, see Overhead (using plantdde rate) 40,200 77.400 117,600 Total product cost $ 85,000 5 153,400 $ 235,400 Units produced 11,200 15,200 Product cost per unit $ 7.59 $ 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 Usage Activity Budgeted cost Activity Cost Driver Rounded Edge Squared Edge Total Purchasing $ 6,000 Purchase orders 139 orders 461 orders 600 orders Depreciation of sachinery 61,400 Machine hours 500 hours 1, 500 hours 2,000 hours Setup 50,200 Setups 40 setups 210 setups 250 setups Total $ 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 Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to Budgeted Cost Budgeted Activity Usage Activity Rate Activity Purchasing Depreciation Setup (Required 1 Required 2 > Activity Rate Allocated Cost 0 0 Overhead cost per unit-Rounded Edge Activity Activity Usage Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost not unit Course Scavenger Hunt ENG 1 (4).docx Overhead cost per unit-Squared Edge Activity Activity Usage Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Activity Rate Allocated Cost $ 0 procesos per rretor care the two products using activity-based costing. (Round Intermedia and final answers to 2 decimal places.) Direct Materials Direct Labor Overhead Product Cost per Unit Per Unit Rounded Edge Squared Edge