Required information [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $276,000 of overhead cost and 46,000 direct labor hours. Additional information follows. Per Unit Pup tent Selling Price $ 90 Direct Materials $ 24 Direct Labor $ 51 Pop-up tent 85 29 32 Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) 46,000 10,000 500 Assembly Electricity Materials purchasing Total $ 184,000 28,000 64,000 $ 276,000 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 5,000 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 32,000 3,500 Pop-up tents 14,000 6,500 200 300 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 1 Required 2 > Activity Rate The following actual activity usage produced 10,000 Pup tents and 5,000 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 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Product Cost Direct Labor Overhead per Unit Pup tent $ Pop-up tent 24.00 $ 29.00 51.00 32.00 < Required 2 Required 4 > 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 $ 90.00 85.00