Required Information [The following Information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $288,000 of overhead cost and 48,000 direct labor hours. Additional Information follows. Per Unit Pup tent Selling Price $ 84 Direct Materials Direct Labor $ 22 $ 47 Pop-up tent 79 23 29 Activity Assembly Electricity Materials purchasing Total Budgeted Cost $ 192,000 30,000 66,000 $ 288,000 Activity Cost Driver Direct labor hours (DLH) Budgeted Activity Usage 48,000 Machine hours (MH) Purchase orders (PO) 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 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 Usage Activity Cost Driver Direct labor hours(DLH) Machine hours (MH) Purchase orders (PO) Pup tents 33,000 3,500 150 Pop-up tents 15,000 6,500 350 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