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 $ 39.60 13.200 46,200 $ 99,00 13,200 $ 7.50 Squared Ede $ 53.600 34,400 82400 $ 173.400 17,200 $10.00 Total $ 91,200 47,600 133,602 $ 272,400 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 Purchasing Depreciation of machinery Suitup Yotal Dudgeted cost $7,000 69,400 57200 13.00 Activity Colt Driver Purchase orders Machine hours Setups Runde de 189 orders 500 hore 0 sets Activity USS Sud Edge 511 oeders 1,500 hours 210 setups Total 700 orders 2.000 hrs 250 setup 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. 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 2 > 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 Activity Usage Activity Rate Allocated Cost Overhead cost per unit -- Squared Edge Activity Purchasing Depreciation Setup Total allocated cont Units produced Overhead content 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 calculatio and final answers to 2 decimal places.) Overhead Direct Labor Product Cost per Unit Direct Materials Per Unit Rounded Edge Squared Edge
