Please put the process

Westwood Company produces a variety of electronic equipment. The company produces two inkjet printers at one of its factories: the Elite and the Economy models. At the beginning of the year, the following data were prepared for this plant: Elite Economy Quantity 300,000 900,000 Selling price $300 $180 ms In addition, the following information was provided so that overhead costs could be assigned to each product: Activity name Activity Cost Activity driver Regular S t e up $1,000,000 Number of set UP 200 40,000,000 Machining Machine hours 150,000 Engineering 6 000 000 E . . nglneerlng 1001000 hours Packing 300,000 Packing orders 80,000 Required (rounded to two decimal places). 1 - Calculate the indirect cost rate for each cost pool. [2 marks] 2 - Calculate the total unit costs for each product. [6 marks] 3 - Suppose that a single indirect cost rate based on number of units produced to allocate indirect costs, calculate the indirect cost rate. [1 mark] 4 - Using the single rate based on number of units produced, calculate the total overhead allocated per unit for each product. [1 mark] 5 - Briefly comment on implications for evaluating the profitability of the products using the one allocation basis as calculated in Point 4. [2 marks]