! Required information. [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $288,000 of overhead cost and 48,000 direct labor hours. Additional information follows. Per Unit Pup tent Selling Price $84 Direct Materials $ 22 Direct Labor. $47 Pop-up tent 79 23 29 Activity Assembly Electricity Materials purchasing Total Required: Budgeted Cost Activity Cost Driver Budgeted Activity Usage $ 192,000 Direct labor hours (DLH) 30,000 66,000 $288,000 Machine hours (MH) 48,000 10,000 Purchase orders (PO) 500 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 5,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Activity Usage. Pup tents 33,000 3,500 150 Pop-up tents 15,000 6,500 350 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. A Activity Rate Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Assembly Electricity Materials purchasing Budgeted Cost Budgeted Activity Usage Allocate overhead to Pup tent Activity Activity Usage Activity Rate Allocated Cost Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit $ 0 0 0 $ 0 Activity Assembly Electricity Materials purchasing Total allocated cost. Units produced Overhead cost per unit Allocate overhead to Pop-up tent Activity Usage Activity Rate Allocated Cost $ 0 0 0 $ 0 < Required 1 Required 3> 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 $ Pop-up tent 22.00 $ 23.00 47.00 29.00 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 $ 84.00 Pop-up tent 79.00