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 $366,000 of overhead cost and 61,000 direct labor hours. Additional information follows. Per Unit Pup tent Selling Price $90 Direct Materials Direct Labor $ 48 Pop-up tent 85 30 34 $25 Problem 17-3A (Algo) Using activity-based costing to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P3 Activity Assembly Electricity Budgeted Cost Materials purchasing Total $244,000 43,000 79,000 Activity Cost Oriver Direct labor hours (OLH) Budgeted Activity Usage Machine hours (19) Purchase orders (PO) 61,000 10,000. 500 $ 366,000 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 (PH) Purchase orders (PO) 39,500 Activity Usage Pup tents Pop-up tents 21,500 6,000 300 4,000 200 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 information 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 Pop-up tents 21,500 6,000 300 39,500 4,000 200 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 Rate Activity Assembly Electricity Materials purchasing Budgeted Cost Budgeted Activity Usage $ 244.000 43,000 61.000 direct labor hours 10.000 machine hours S 4.00 per direct labor hour $ 430 per machine hour 79,000 500 purchase orders $ 158.00 per purchase order Required information. For each product, compare the gross pro per un pe pace per un mes are product cost per unig. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 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. (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 $ 0 0 0 $ 0 Allocate overhead to Pop-up tent Activity Usage Activity Rate Allocated Cost $ 0 0 0 0 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 Pup tent Pop-up tent Direct Materials $ 25.00 $ 30.00 Direct Labor 48.00 34.00 Product Cost Overhead per Unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 41 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 Selling Price Product Cost Gross Profit Pup tent Pop-up tent S 90 00 85.00 < Required 3 Required 4>