S Process Activity Budgeted Cost $ 310,200 22,000 Assembly Machining Setups Finishing Support $ 332,200 Inspecting $ 228,000 Purchasing $ 132,000 Activity Cost Driver Machine hours (MH) Setups Budgeted Activity Usage 7,600 120 Inspections 860 Purchase orders 570 Additional production Information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Per Unit Model X 2,000 Model Z 4,000 2,200 5,400 40 80 500 360 380 190 Model X Model Z $ 405 150 $ 385 110 135 120 Selling price per unit Direct materials cost per unit Direct labor cost per unit 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Machining Setups Inspecting Purchasing Budgeted Cost Budgeted Activity Usage Required 1 Required 2 > Activity Rate Prev 13 of 15