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 $348,000 of overhead cost and 58,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Selling Price Direct Materials $ 82 77 $ 21 26 Direct Labor $ 45 31 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 $ 232,000 40,000 76,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Materials purchasing Total $ 348,000 Budgeted Activity Usage 58,000 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 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. 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 38,000 Pop-up tents 20,000 4,000 200 6,000 300 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 Activity Rate 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 Allocate overhead to Pup tent Activity Usage Activity Rate Allocated Cost 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 21.00 $ 26.00 45.00 31.00 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 Selling Price Product Cost Gross Profit Pup tent $ 82.00 Pop-up tent 77.00