! Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $315,000 of overhead cost and 45,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Selling Price Direct Materials $ 92 87 Direct Labor $ 25 $ 50 30 34 Problem 17-2A (Algo) Using plantwide overhead rate to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P1 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 45,000 direct labor hours. 2. Pup tents use 3 direct labor hours (DLH) per unit and Pop-up tents use 2 direct labor hours per unit. Compute the overhead cost per unit for each product. 3. Compute the product cost per unit for each product. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).