[The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $300,000 of overhead cost and 50,000 direct labor hours. Additional information follows. Per Unit Selling Price Direct Materials Direct Labor Pup tent Pop-up tent $ 75 71 $ 21 $ 40 24 30 Activity Budgeted Cost Assembly Electricity Materials purchasing Total $ 200,000 32,000 68,000 $ 300,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Budgeted Activity Usage 50,000 10,000 500 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 Pop-up tents 34,000 4,000 200 16,000 6,000 300 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 Required information 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 Pop-up tents 34,000 4,000 200 16,000 6,000 300 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 Rate Activity Assembly Electricity Materials purchasing Budgeted Cost $ 200,000 32,000 Budgeted Activity Usage 50,000 direct labor hours $ 4.00 per direct labor hour 10,000 machine hours $ 3.20 per machine hour 68,000 500 purchase orders $136.00 per purchase order < Required 1 Required 2 > Required information ""Fi- " """ " - Required 1 Required 2 Required 3 Required 4 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.) Activity Assembly Electricity Materials purchasing Allocate overhead to Pup tent Activity Usage 136,000 direct labor hours 12,800 machine hours 27,200 purchase orders Activity Rate Allocated Cost $ $ 64,000.00 per direct labor hour 8,704,000,000 $ $ 19,200.00 per machine hour 40,800.00 per purchase order 245,760,000 1,109,760,000 $ Total allocated cost Units produced 10,059,520,000 Overhead cost per unit Activity Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit Allocate overhead to Pop-up tent Activity Usage Activity Rate Allocated Cost $ 0 0 0 $ < Required 1 Required 3 > Required information 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 34,000 Pop-up tents 16,000 4,000 200 6,000 300 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 product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Pup tent $ 21.00 $ 40.00 Pop-up tent 24.00 30.00 < Required 2 Required 4 > Required information Total $ 300,000 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 34,000 Pop-up tents 16,000 4,000 6,000 200 300 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 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.) Selling Price Product Cost Gross Profit Per Unit Pup tent Pop-up tent $ 75.00 $ 71.00 62.60 $ 85.50 12.40 (14.50) < Required 3 Required 4