Problem 17-4A (Static) Using departmental overhead rate method to compute overhead cost per unit, product cost per unit, and gross profit per unit LO P2 Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Required: 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. 3. The company reports additional information below. For each model, compute the product cost per unit. 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). 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