[The following information applies to the questions displayed below.] 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 Selling Price Direct Materials Pop-up tent $ 82 77 $ 23 Direct Labor $ 44 27 32 Activity Assembly Budgeted Cost Activity Cost Driver Budgeted Activity Usage $ 208,000 Direct labor hours (DLH) 52,000 Machine hours (MH) Purchase orders (PO) 10,000 400 Electricity Materials purchasing 34,000 70,000 Total $ 312,000 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 Pop-up tents 17,000 6,000 240 35,000 4,000 160 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).