[The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $245,000 of overhead cost and 49,000 direct labor hours. Additional information follows. Problem 17-3A (Algo) Using activity-based costing to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P3 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 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $245,000 of overhead cost and 49,000 direct labor hours. Additional information follows. Problem 17-3A (Algo) Using activity-based costing to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P3 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 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product