! Required information [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $245,000 of overhead cost and 49,000 direct labor hours. Additional information follows. Per Unit Selling Price Direct Materials Pup tent Pop-up tent $ 80 75 $ 23 Direct Labor $ 46 25 31 Activity Assembly Electricity Materials purchasing Total Required: Budgeted Cost $ 147,000 31,000 67,000 $245,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Budgeted Activity Usage 49,000 10,000 500 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 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 Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Pup tents Activity Usage Pop-up tents 33,500 15,500 4,000 200 6,000 300 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 Assembly Electricity Materials purchasing Budgeted Cost Budgeted Activity Usage < Required 1 Required 2 > Activity Rate