! Required information (The following information applies to the questions displayed below.) Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Selling Price $ 78 73 Direct Materials $ 20 25 Direct Labor $ 45 30 Bi Acti Activity Assembly Electricity Materials purchasing Total Budgeted Cost $ 168,000 24,000 60,000 $ 252,000 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 Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Activity Usage Pup tents Pop-up tents 30,000 12,000 4,000 6,000 150 250 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)