Required information {The following infomatr'on applies to the questions displayed below] Tent Master produces Pup tents and Pop-up tents. The company budgets $366,000 of overhead cost and 61.000 direct labor hours. Additional information follows. Per Unit Selling Price Direct Materials Direct Labor Pup tent S 90 S 25 $ 43 Pop-up tent 85 30 34 Budgeted Activity Budgeted Cost Activity Cost Driver Activity Usage Assembly $ 244,000 Direct labor hours [DLH1 61,000 Electricity 43,000 Machine hours {ME} 10,000 Materials purchasing 79.000 Purchase orders [PO] 500 Total $ 365:000 Required: 1. Compute an activity.f rate for each activityr using activity-based costing. 2. The following actual activity usage produced 10.000 Pup tents and 8.000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Usage Activity Cost Driver Pup tents Pop-up tents Direct labor hoursiDLH) 39,500 21,500 Machine hours (NH) 4,000 6,000 Purchase orderstPO) 200 300 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product. compute the gross prot per unit {selling price per unit minus the product cost per unit]. Required 1 Required 2 Required 3 Required 4 Compute an activity rate For each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Assembly Electricity Materials purchasing Required 2 ) Required 1 Required 2 Required 3 Required 4 The following actual activity usage produced 10,000 Pup tents and 8,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. (Round \"Activity Rate" and "Overhead per unit" to 2 decimal places.) Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit Assembly Electricity Materials purchasing Tctal allocated cost Units produced Overhead cost per unit ( Required1 Required: > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Pup tent $ 25.00 $ 48.00 Pop-up tent 30.00 34.00 Complete this question by entering your answers in the tabs below, Required 1 Required 2 Required 3 Required 4 For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). (Round "Activity Rate" and final answers to 2 decimal places. Enter any product costs in excess of selling prices as negative values.) Per Unit Selling Price Product Cost Gross Profit Pup tent $ 90.00 Pop-up tent 85.00