Required information [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $348,000 of overhead cost and 58,000 direct labor hours. Additional information follows. Per Unit Selling Price Direct Materials Direct Labor Pup tent Pop-up tent $ 82 77 $ 21 $ 45 26 31 Activity Budgeted Cost Assembly Electricity Materials purchasing Total $ 232,000 40,000 76,000 $ 348,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Budgeted Activity Usage 58,000 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 8,000 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 20,000 6,000 300 38,000 4,000 200 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 The following actual activity usage produced 10,000 Pup tents and 8,000 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 Allocate overhead to Pup tent Activity Usage Activity Rate Allocated Cost Assembly 38,000 direct labor hours $ 4.00 per direct labor hour $ 152,000 Electricity 4,000 machine hours $ 4.00 per machine hour 16,000 Materials purchasing 200 purchase orders $ 152.00 per purchase order 30,400 Total allocated cost $ 198,400 Units produced Overhead cost per unit Allocate overhead to Pop-up tent Activity Activity Usage Activity Rate Allocated Cost Assembly 20,000 direct labor hours $ 4.00 per direct labor hour $ 80,000 Electricity 6,000 machine hours $ 4.00 per machine hour 24,000 Materials purchasing Total allocated cost Units produced 300 purchase orders $ 152.00 per purchase order 45,600 $ 149,600 Overhead cost per unit < Required 1 Required 3 >