Puget World, Incorporated, manufactures two models of television sets, the N 800 XL model and the N 500 model. Data regarding the two products follow: Model N 800 XL Model N 500 Direct Labor- Hours per Unit 3.0 1.0 Total Direct Annual Production Labor-Hours 4,000 units 12,000 13,000 units 13,000 25,000 Additional information about the company follows: a. Model N 800 XL requires $70 in direct materials per unit, and Model N 500 requires $30. b. The direct labor wage rate is $17 per hour. c. The company has always used direct labor-hours as the base for applying manufacturing overhead cost to products. d. Model N 800 XL is more complex to manufacture than Model N 500 and requires the use of special equipment. Consequently, the company is considering the use of activity-based costing to assign manufacturing overhead cost to products. Three activity cost pools have been identified as follows: Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Estimated Overhead Cost $520,000 235,000 1,445,000 $ 2,200,000 Activity Measure Number of setups Machine-hours Direct labor-hours Expected Activity Model N 800 XL Model N 500. Total 150 20,000 12,000 250 0 400 20,000 13,000 25,000 Expected Activity Activity Measure: Number of setups Machine-hours Model N 800 XL Direct labor-hours 150 20,000 12,000 Model N 500 250 Total 400 13,000 20,000 25,000 2. Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. a(1). Compute the activity rate for each activity cost pool. a(2). Determine the amount of overhead cost that would be assigned to each model using the activity-based costing system. b. Compute the unit product cost of each model. Complete this question by entering your answers in the tabs below. Req 2A1 Req 2A2 Req 28 Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Machine setup Special processing General factory per setup per MH per DLH Req 2A2 >