S19-7 (similar to) Question Help Johnson Corp. manufactures mid-fi and hi-fi stereo receivers. The following data have been summarized: (Click the icon to view the data.) The company plans to manufacture 150 units of the mid-fi receivers and 300 units of the hi-fi receivers. Calculate the product cost per unit for both products using activity-based costing. (Round your answers to the nearest cent.) Begin by selecting the formula to allocate overhead (OH) costs. Predetermined OH allocation rate Actual qty of the allocation base used Allocated mfg. overhead costs - Compute the overhead costs allocated to Mid-Fi, and then compute the overhead cost per unit for Mic-Fi. Next, compute the overtread costs allocated to Hi-Fi then compute the overhead cost per unit for Hi-Fi. (Round the cost per unit to the nearest cant.) Mid-Fi Setup Inspections Machine maintenance Total overhead costs Number of units Overhead cost per unit Enter any number in the edit fields and then click Check Answer. parts 2 remaining Clear All Check Answer Data Table Mid-Fi Hi-Fi $ Direct materials cost per unit Direct labor cost per unit Indirect manufacturing cost per unit 500 $ 400 ? 2,000 100 ? Indirect manufacturing cost information includes the following: Predetermined Overhead Activity Allocation Rate Mid-Fi Hi-Fi Setup 37 setups Inspections $1,200 per setup $500 per inspection hour $11 per machine hour 35 inspection hours 1,750 machine hours 37 setups 10 inspection hours 1,400 machine hours Machine maintenance Print Print Done Done