Required information [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $300,000 of overhead cost and 50,000 direct labor hours. Additional information follows. Per Unit Pup tent Selling Price $ 75 Direct Materials $ 21 Direct Labor $ 40 Pop-up tent 71 24 30 Activity Cost Driver Budgeted Activity Usage Direct labor hours (DLH) 68,000 Machine hours (MH) Purchase orders (PO) 50,000 10,000 500 $ 300,000 Activity Assembly Electricity Materials purchasing Total Budgeted Cost $ 200,000 32,000 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 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 34,000 Pop-up tents 16,000 4,000 6,000 200 300 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