Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost 1 data, Rounded Edge Squared Edge Total Direct materials $ 33.000 $ 45,000 $ 78,000 Direct labor 11.000 30.000 41,000 Overhead (using plantvide rate) 39,600 26.400 116.000 Total product cost 5 83,600 $ 151,400 $ 235,000 Units produced 11,000 15,000 Product cost 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 Purchasing Depreciation of machinery Setup Total Tudgeted Cont $ 5,900 60,600 49.500 $116,000 Activity Cost Driver Purchase orders Machine hours Setup Rounded Edge 134 orders 500 hours 40 setups Activity Usage Squared Edge 456 orders 1,500 hours 210 setups Total 590 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. 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 Required i 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 Rato Allocated Cost Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit 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 Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round inter and final answers to 2 decimal places.) Direct Materials Direct Labor Overhead Product Cost per Unit Per Unit Rounded Edge Squared Edge