Required information [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $360,000 of overhead cost and 60,000 direct labor hours. Additional information follows. Per Unit Pup tent Selling Price $ 85 Direct Materials $ 20 Direct Labor $47 Pop-up tent 80 27 31 Activity Assembly Electricity Materials purchasing Total Budgeted Cost $ 240,000 42,000 78,000 $360,000 Budgeted Activity Cost Driver Direct labor hours (OLH) Machine hours (MH) Purchase orders (PO) Activity Usage 60,000 10,000 500 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 7,500 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 21,000 5,500 300 39,000 4,500 200 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 2 > Activity Rate compiere this question oy entering your answers in the taps below. Required 1 Required 2 Required 3 Required 4 The following actual activity usage produced 10,000 Pup tents and 7,500 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. (Round "Activity Rate" and "Overhead per unit" to 2 decimal places.) Activity Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit Activity Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit Allocate overhead to Pup tent Activity Usage Activity Rate Allocated Cost Allocate overhead to Pop-up tent Activity Usage Activity Rate Allocated Cost Complete this question by entering your answers in the tabs below. Required 1 Required 21 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 S 20.00 $ 47.00 Pop-up tent 27.00 31.00 pe roduct cost per unit). Complete this question by entering your answers in the tabs below. 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 $ 85.00 Pop-up tent 80.00