Tent Master produces Pup tents and Pop-up tents. The company budgets $312,000 of overhead cost and 52,000 direct labor hours. Additional Information follows. Per Unit Pup tent Pop-up tent Selling Price Direct Materials $ 82 $ 23 77 27 Direct Labor $ 44 32 56 Activity Assembly Electricity Materials purchasing Total Budgeted cost $ 208,000 34,000 70.000 $ 312,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (M) Purchase orders (PO) Budgeted Activity Usage 52,000 10,000 400 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 Usage Activity Cont Driver Pup tents Pop-up tents Direct Abor hours (DE) 35,000 17,000 Machine hours (MR) 4,000 6.000 Purchase orders (PO) 160 240 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). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Activity Usage Pup tents Pop-up tents 35,000 17,000 4,000 6,000 160 240 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). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Assembly $ 208,000 52,000 direct labor hours per direct labor hour Electricity 34,000 10,000 machine hours per machine hour Materials purchasing 70,000 400 purchase orders per purchase order Required: Required 2 > Required 1 Required 2 SELE Required 3 Required 4 0 0 0 0 The following actual activity usage produced 10,000 Pup tents and 8,000 Pop-up tents. Allocate overhead cost to Pup tent Pop-up tents and compute overhead cost per unit for each product. (Round "Activity Rate" and "Overhead per unit" to 2 de places.) Allocate overhead to Pup tent Activity Activity Usage Activity Rate Allocatod Cost Assembly $ Electricity Materials purchasing Total allocated cost $ Units produced Overhead cost per unit Allocate overhead to Pop-up tent Activity Activity Usage Activity Rate Allocated Cost Assembly $ Electricity Materials purchasing Total allocated cost 0 Units produced Overhead cost per unit 0 0 0 Required 1 Required 2 Required 3 Required 4 Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 places.) Overhead Product Cost per Unit Per Unit Pup tent Pop-up tent Direct Materials Direct Labor $ 23.00 $ 44.00 27.00 32.00 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 Rate and final answers to 2 decimal places. Enter any product costs in excess of selling prices as neg Per Unit Pup tent Pop-up tent Selling Price Product Cost Gross Profit $ 82.00 77.00