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 $ 33,000 $ 45,000 $ 78,000 Direct labor 11,000 30,000 41,000 overhead (using plantwide rate) 39,600 76,400 116,000 Total product cont $ 83,600 5 151,400 $ 235,000 Units produced 11,000 15,000 Product cont per unit $ 7.60 $ 10.09 Northwest's controller wants to apply activity-based costing to allocate the $116,000 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 Ouage Activity budgeted cost Activity Cost Driver Rounded Edge squared Edge Purchasing $ 5,900 Purchase orders 134 order 456 orders Depreciation of machinery 60,600 Machine hours 500 hours 1.500 hours Setup 49,500 Setup 40 stupe 210 setupa Total $ 116,000 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the activity rate for each altivity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usago Activity Rate Purchasing Depreciation Setup Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Allocated Cost 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 Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit $ 0 0 Activity Usage Activity Rato Allocated Cost Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit $ 0 0 (Required 1 Required 3 > 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