Regular Deluxe Total Units produced 100,000 200,000 Prime costs $16,000,000 $60,000,000 $76,000,000 Machine hours 200,000 1,000,000 1,200,000 Engineering hours 800 7,200 8,000 Receiving orders 800 2,400 3,200 Inspection hours 1,600 3,200 4,800 Overhead costs: Machining $24,000,000 Engineering 8,000,000 Receiving 2,240,000 Inspecting products 1,440,000 Required: 1. Calculate the four activity rates. Machining rate per machine hour Engineering rate per hour Receiving rate per order Inspecting rate per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Unit cost Regular Deluxe per unit per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Regular Deluxe per unit per unit 3. If consumption ratios instead of activity rates were used to assign costs instead of activity rates, show the cost assignment for the inspection activity. Regular Deluxe Cost assignment