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 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: Budgeted Activity Usage 42,000 10,000 400 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) Activity Usage Pup tents 30,000 Pop-up tents 12,000 Machine hours (HH) Purchase orders (PO) 4,000 150 6,000 250 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). Required information Required 1 Required 2 Required 3 Required 4 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. (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 < Required 1 Required 3 >