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 Rounded Edge Squared Edge $ 31,200 $ 44,800 12,200 23,800 36,600 71,400 $ 80,000 $ 140,000 10,000 14,000 $ 8 $ 10 Total $ 76,000 36,000 108,000 $ 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 Depreciation of machinery Setup Total Budgeted Cost $ 5,400 56,600 46,000 $ 108,000 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge 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 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 2 decimal pla Budgeted Cost Budgeted Activity Usage Activity Rate $ Activity Purchasing Depreciation Setup 5,400 56,600 46,000 $ $ 2,000 250 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 answers to the nearest whole dollar amount.) Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Rounded Edge Activity Purchasing Depreciation Setup Total allocated cost 0 Units produced Overhead cost per unit 0 Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit 0 Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Rounded Edge Squared Edge