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) Total product cost Units produced Product cost per unit $ 35,400 Rounded Edge Squared Edge $ 47,400 Total $ 82,800 43,400 122,400 $ 248,600 11,800 42,000 $ 89,200 11,800 $7.56 31,600 80,400 $ 159,400 15,800 $10.09 Northwest's controller wants to apply activity-based costing to allocate the $122,400 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 Budgeted Cost $6,300 Activity Cost Driver Rounded Edge Purchase orders 154 orders Depreciation of machinery 63,800 Setup 52,300 Machine hours Setups 500 hours 40 setups Activity Usage Squared Edge 476 orders 1,500 hours 210 setups Total 630 orders 2,000 hours 250 setups Total $122,400 cest 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 Budgeted Cost Budgeted Activity Usage Purchasing $ 6,300 purchase orders Depreciation $ 63,800 purchase orders Setup $ 52,300 setups Activity Rate