Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing.

Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Rounded Edge Squared Edge Total Direct materials $ 33, 909 $ 45,898 $ 78,098 Direct labor 11, 809 30,808 41, 098 Overhead (using plantwide rate) 39, 609 76,408 116, 098 Total product cost $ 83, 608 $ 151, 498 $ 235, 090 Units produced 11, 809 15,808 Product cost per unit $ 7.60 $ 10.09 Northwest's controller wants to apply activity-based costing to allocate the $116,000 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Usage Activity Budgeted Cost Activity Cost Driver Rounded Edge Squared Edge Total Purchasing $ 5,908 Purchase orders 134 orders 456 orders 590 orders Depreciation of machinery 60, 608 Machine hours 580 hours 1, 509 hours 2,980 hours Setup 49, 508 Setups 40 setups 210 setups 250 setups Total $ 116, 090 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Purchasing Depreciation Setup Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data Rounded Edge Squared Edge Total Direct materials $ 33, 808 $ 45,090 $ 78, 080 Direct labor 11, 809 30, 090 41, 098 Overhead (using plantwide rate) 39, 680 76,409 116, 090 Total product cost $ 83, 609 $ 151, 408 $ 235, 090 Units produced 11, Bee 15, 606 Product cost per unit $ 7.60 10.09 Northwest's controller wants to apply activity-based costing to allocate the $116,000 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Usage Activity Budgeted Cost Activity Cost Driver Rounded Edge Squared Edge Total Purchasing $ 5,908 Purchase orders 134 orders 456 orders 590 orders Depreciation of machinery 60, 606 Machine hours 580 hours 1, 509 hours 2,980 hours Setup 19,509 Setups 40 setups 210 setups 250 setups Total $ 116, 090 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute overhead cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Overhead cost per unit-Rounded Edge Activity Activity Usage Activity Rate Allocated Cost Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per uni Overhead cost per unit-Squared Edge Activity Activity Usage Activity Rate Allocated Cost Purchasing Depreciation jetup Total allocated cost Units produced Overhead cost per unit Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Rounded Edge Squared Edge Total Direct materials $ 33, Bed $ 45,806 $ 78,090 Direct labor 11, 809 30,090 41, 090 Overhead (using plantwide rate) 39, 608 76, 408 116, 096 Total product cost $ 83, 600 $ 151, 408 $ 235, 090 Units produced 11, 808 15,806 Product cost per unit $ 7.60 $ 18. 09 Northwest's controller wants to apply activity-based costing to allocate the $116.000 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Usage Activity Budgeted Cost Activity Cost Driver Rounded Edge squared Edge Total Purchasing $ 5,906 Purchase orders 134 orders 456 orders 590 orders Depreciation of machinery 60, 608 Machine hours see hours 1, 509 hours 2,080 hours Setup 49,508 Setups 40 setups 210 setups 250 setups Total $ 116, 209 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round intermediate calculations and final answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Rounded Edge Squared Edge