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 $ 39, 680 $ 51,690 1 91, 290 Direct labor 13, 209 34,408 47, 608 Overhead (using plantwide rate) 46, 208 87,408 133, 608 Total product cost $ 99, 808 $ 173, 406 $ 272, 406 Units produced 13, 280 17, 208 Product cost per unit $ 7.50 $ 10. 08 Northwest's controller wants to apply activity-based costing to allocate the $133,600 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 $ 7,290 Purchase orders 189 orders 511 orders 789 orders Depreciation of machinery 69,408 Machine hours see hours 1, 509 hours 2,080 hours Setup 57, 208 Setups 40 setups 210 setups 250 setups Total $ 133, 608 Required: I. 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 Activity Rate Purchasing Depreciation Setup 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 $ 39, 608 $ 51, 608 $ 91, 206 Direct labor 13, 209 34, 490 47, 606 Overhead (using plantwide rate) 46, 208 87,409 133, 680 Total product cost $ 99, 209 $ 173, 406 $ 272,490 Units produced 13, 208 17,208 Product cost per unit $ 7.50 10.08 Northwest's controller wants to apply activity-based costing to allocate the $133,600 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 $ 7,800 Purchase orders 189 orders 511 orders 780 orders Depreciation of machinery 69, 408 Machine hours 580 hours 1, 509 hours 2,080 hours Setup 57,208 Setups 40 setups 210 setups 250 setups Total $ 133, 608 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 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 Activity Rate Allocated Cost Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Overhead cost per unit-Squared Edge Activity Activity Usage Activity Rate Allocated Cost Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit 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 $ 39, 608 $ 51,609 $ 91, 290 Direct labor 13, 206 34,408 47, 690 Overhead (using plantwide rate) 46, 208 87,409 133, 690 Total product cost $ 99, Bea $ 173,408 $ 272, 490 Units produced 13, 208 17, 208 Product cost per unit $ 7.50 $ 10.08 Northwest's controller wants to apply activity-based costing to allocate the $133,600 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 $ 7, 208 Purchase orders 189 orders 511 orders 780 orders Depreciation of machinery 69, 408 Machine hours see hours 1, 509 hours 2,090 hours Setup 57, 208 Setups 40 setups 210 setups 250 setups Total $ 133, 608 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 calculations and final answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Rounded Edge Squared Edge