Tent Master produces Pup tents and Pop-up tents. The company budgets $255,000 of overhead cost and 51,000 direct labor hours. Additional information follows. Per Unit Pup tent Selling Price $ 80 Direct Materials $ 20 Direct Labor $ 47 Pop-up tent 75 26 34 Budgeted Cost Activity Cost Driver Budgeted Activity Usage Direct labor hours (DLH) 51,000 Machine hours (MH) 10,000 Purchase orders (PO) 600 Activity Assembly Electricity Materials purchasing Total $ 153,000 33,000 69,000 $ 255,000 Required: 1. Compute an activity rate for each activity using activity-based costing. 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 34,500 Pop-up tents 16,500 3,500 6,500 250 350 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). > Answer is complete but not entirely correct. 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.) ! Required information 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.) Allocate overhead to Pup tent Activity Activity Usage Activity Rate Allocated Cost Assembly 34,500 direct labor hours $ 3.00 Electricity 3,500 machine hours Materials purchasing 250 purchase orders $ 115.00 per direct labor hour $10,500.00 per machine hour per purchase order $ 103,500 36,750,000 28,750 Total allocated cost $36,882,250 Units produced 10,000 Overhead cost per unit $ 3.69 Allocate overhead to Pop-up tent Activity Activity Usage Assembly Electricity Materials purchasing Total allocated cost 34,500 direct labor hours 3,500 machine hours $ Activity Rate 3.00 per direct labor hour $10,500.00 per machine hour per purchase 250 purchase orders $ 115.00 order Allocated Cost $ 103,500 36,750,000 28,750 $36.882,250 Allocate overhead to Pup tent Allocated Activity Activity Usage Activity Rate Cost Assembly 34,500 direct labor hours $ 3.00 Electricity 3,500 machine hours per direct labor hour $10,500.00 per machine hour $ 103,500 36,750,000 Materials purchasing 250 purchase orders $ 115.00 per purchase order 28,750 Total allocated cost $36,882,250 Units produced 10,000 Overhead cost per unit $ 3.69 Allocate overhead to Pop-up tent Activity Activity Usage Activity Rate Allocated Cost Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit 34,500 direct labor hours 3,500 machine hours $ 3.00 per direct labor hour $ 103,500 $10,500.00 per machine hour 36,750,000 250 purchase orders $ 115.00 per purchase order 28,750 $36,882,250 10,000 $ 3.69 x