PLEASE ANSWER ALL PARTS IN THE EXACT REQUIRED FORMATS! Bike$-$O$-$Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow.

Required:

Compute departmental overhead rates using

$($a$)$ machine hours to allocate budgeted Fabricating costs and

$($b$)$ direct labor hours to allocate budgeted Assembly costs.

The company reports the following actual production usage data. Compute the overhead cost per unit for each model.

The company reports additional information below. For each model, compute the product cost per unit.

For each model, compute gross profit per unit $($selling price per unit minus product cost per unit$).$

The company reports additional information below. For each model, compute the product cost per unit.

Note: Round your answers to $2$ decimal places.

Complete this question by entering your answers in the tabs below.

Compute departmental overhead rates using $($a$)$ machine hours to allocate budgeted Fabricating costs and $($b$)$ direct labor

hours to allocate budgeted Assembly costs.

Required $1$

Required $2$

Required $3$

The company reports the following actual production usage data. Compute the overhead cost per unit for each model.

Note: Round your "Hours per unit" amounts to $1$ decimal place and other answers to $2$ decimal places.

For each model, compute gross profit per unit $($selling price per unit minus product cost per unit$).$

Note: Round your answers to $2$ decimal places.