! 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 Selling Price Direct Materials $ 88 83 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 53,000 direct labor hours. 2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product. $24 27 3. Compute the product cost per unit for each product. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Required 1 Required 2 Complete this question by entering your answers in the tabs below. Numerator Denominator Required 3 Direct Labor $ 49 31 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 53,000 direct labor hours. Required 1 Required 2 Required 3 Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product. Pup tent Pop-up tent Plantwide Overhead Rate Required 4 Direct Labor Hours per Unit Required 1 Per Unit Required 2 Compute the product cost per unit for each product. Pup tent Pop-up tent Direct Materials $ Required 3 Required 4 24 27 Direct Labor $ 49 31 Overhead Cost Product Cost per Unit per Unit Required 1 Required 2 For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). (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 83 Product Cost Gross Profit