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 Selling Price Direct Materials $ 78 Direct Labor $ 20 Pop-up tent 73 25 $ 45 30 Activity Assembly Budgeted Cost $ 168,000 24,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Budgeted Activity Usage 42,000 10,000 Electricity Required information 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 (H) Purchase orders (PO) Activity Usage Pup tents 30,000 Pop-up tents 12,000 4,000 5,000 150 250 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). 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 Pup tent Pop-up tent Selling Price Product Cost Gross Profit $ 78.00 73.00 < Required 3 Required 4 >