Sonoma Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Production is 700,000 units of Budget and 200,000 units of Deluxe. Information is presented below: Cost Drivers by Product Activity Cost Pool Cost Driver Estimated Overhead Budget Deluxe Ordering and Receiving Orders $120,000 600 400 Machine Setup Setups $297,000 500 400 Machining Machine hours $1,000,000 150,000 100,000 Assembly Parts $1,400,000 1,200,000 800,000 Inspection Inspections $300,000 550 450 Total $3,117,000 Round answers to the nearest cent. Required: a. Assume simple costing system used machine hours only as the single cost allocation base. 1. Compute a single overhead rate 2. Compute the amount of overheads allocated to Budget and Deluxe. 3. Compute the amount of overhead per unit allocated to Budget and Deluxe. Compute total overhead costs assigned to each product and the overhead cost per unit for each product, using activity-based costing. b