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Ice Cool produces two different models Of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. 20 points eBook print Process As sembly Finishing Support Activity Machining Setups Inspecting Budgeted Cost S 31e,se S 332,se S 232,e S 136,e Activity Cost Driver Machine hours (NH) Setups Inspections purchase orders Budgeted Activity Usage 7 , eee Additional production information concerning its two models follows. units and Activities Units produced Machine hours Setups Inspections Purchase orders per Unit Selling price per unit Model X 32B 3, 2e Model X $ 415 Model Z $ 395 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.) Machining Setups Inspecting purchasing Required 1 Required 2 Required 3 Required 4 using activity-based costing, compute the overhead cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) cost per unitModel Inspection Purchasing Total allocated cost units prcxiuced Overhead cost per unit cost per unitModel Machining Purchasing Total allocated cost Units produced Overhead per unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the total product cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Model X Model Z Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (Round "product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Negative amounts should be indicated with a minus sign.) Model X Required 3 Required 4