(The following information appiles to the questions displayed below.) Tent Master produces Pup tents and Pop-up tents. The company budgets $315,000 of overhead costs and 45,000 direct labor hours for this year. Additional information follows. Per Unit Pup tent Pop-up tent Selling Price Direct Materials $ 92 87 $ 25 30 Direct Labor $ 50 34 Problem C-3A (Algo) Pricing analysis with activity-based costing LO P2 Budgeted Cost $225,000 Activity Assembly Electricity 27,000 Materials purchasing 63,000 Total $315,000 Activity Cost Driver Direct labor hours Machine hours Purchase orders Budgeted Activity Usage 45,000 10,000 500 Required: 1. Compute an activity rate for each activity using activity-based costing. 2. The company used the activities below to produce 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead costs to Pup tents and to Pop-up tents and compute overhead cost per unit for each. Activity Cost Driver Direct labor hours Machine hours Purchase orders. Activity Usage Pop-up tents 13,500 Pup tenta 31,500 4,000 150 6,000 350 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the selling price per unit minus the product cost per unit.