Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Rounded Edge Direct materials $ 31,200 Squared Edge $ 44,800 Total $ 76,000 Direct labor 12,200 Overhead (using plantwide rate) 36,600 23,800 71,400 36,000 108,000 Total product cost Units produced Product cost per unit $ 80,000 10,000 $ 8 $ 140,000 14,000 $ 10 $ 220,000 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 Budgeted Cost $ 5,400 Depreciation of machinery Setup 56,600 46,000 Activity Cost Driver Purchase orders Machine hours Rounded Edge Setups 109 orders 500 hours 40 setups Activity Usage Squared Edge 431 orders 1,500 hours 210 setups Total 540 orders 2,000 hours 250 setups Total $ 108,000 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.) Budgeted Cost Budgeted Activity Usage Activity Rate Activity Purchasing Depreciation Setup