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Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $295,000 of overhead costs and 59,000 direct labor hours for this year. Additional information follows. Problem C-2A (Algo) Pricing analysis with plantwide overhead rate LO P1 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead based on 59,000 direct labor hours. 2. Pup tents require 3 direct labor hours per unit and Pop-up tents require 2 direct labor hours per unit. Compute the overhead cost per unit for each product. 3. Compute the product cost per unit for each product. 4. For each product, compute the selling price per unit minus the product cost per unit. Complete this question by entering your answers in the tabs below. Compute a single plantwide overhead rate assuming the company allocates overhead based on 59,000 direct labor hours. Complete this question by entering your answers in the tabs below. Pup tents require 3 direct labor hours per unit and Pop-up tents require 2 direct labor hours per unit. Compute the overhead cost per unit for each product. Compute the product cost per unit for each product. For each product, compute the selling price per unit minus the product cost per unit. (Enter any product costs in excess of selling prices as negative values.) Problem C-3A (Algo) Pricing analysis with activity-based costing LO P2 Required: 1. Compute an activity rate for each activity using activity-based costing. 2. The company used the activities below to produce 10,000 Pup tents and 8,000 Pop-up tents. Allocate overhead costs to Pup tents and to Pop-up tents and compute overhead cost per unit for each. 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the selling price per unit minus the product cost per unit. \begin{tabular}{|l|l|l||l|} \hline Required 1 & Required 2 & Required 3 & Required 4 \\ \hline \end{tabular} Compute an activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) \begin{tabular}{|l|r|r|r|r|} \hline \multicolumn{1}{|c|}{ Activity } & Budgeted Cost & \multicolumn{2}{|c|}{ Budgeted Activity } \\ \hline Assembly & & & & \\ \hline Electricity & & & \\ \hline Materials purchasing & & & \\ \hline \end{tabular} The company used the activities below to produce 10,000 Pup tents and 8,000 Pop-up tents. Allocate overhead costs to Pup tents and to Pop-up tents and compute overhead cost per unit for each. (Round "Activity rate" and "Overhead per unit" to 2 decimal places.) Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 decimal places.) For each product, compute the selling price per unit minus the product cost per unit. (Round "Activity Rate" and final answers to 2 decimal places. Enter any product costs in excess of selling prices as negative values.)