Rand Company computed the following activity rates using activity-based costing. Activity Activity Rate Setup $ 1,120 per setup Materials handling $ 60 per materials requisition Inspection $ 2 per unit inspected The company's deluxe model used the following activities to produce 1,600 units. Activity Actual Activity Usage Setup 2 setups Materials handling 20 materials requisitions Inspection 1,600 units inspected Compute the overhead cost per unit for the deluxe model using activity-based costing