! Required information [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $318,000 of overhead cost and 53,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Activity Assembly Electricity Materials purchasing Total Selling Price $ 88 83 Direct Materials $24 27 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Budgeted Cost $ 212,000 35,000 71,000 $ 318,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Required: 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 6,000 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 Pup tents 35,500 4,000 150 Direct Labor $ 49 31 Pop-up tents 17,500 6,000 350 Budgeted Activity Usage 53,000 10,000 500 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Complete this question by entering your answers in the tabs below. 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.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Assembly Electricity Materials purchasing Allocated Cost $ 0 0 0 0 $ Allocated Cost $ 0 0 0 0 $ 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 Pup tent Pop-up tent Direct Materials $ Direct Labor 49.00 31.00 24.00 $ 27.00 Overhead Required 1 Required 2 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 Pup tent Pop-up tent Selling Price $ Required 3 Required 4 88.00 83.00 Product Cost Gross Profit