Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 Machining Machine hours 100,000 300,000 $1,850,000 56,000,000 15,000,000 Engineering Engineering hours 50,000 100,000 Packing Packing orders 100,000 400,000 200,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups Machining $ $ 3,700 140 per setup per machine hour per engineering hour Engineering Sell 100 Packing 0.4 per packing order 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. $ Deluxe Regular s x per unit per unit x Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the following projected income statement: Sales $88,000 Total Variable cost Contribution margin 66,000 $22,000 Total Fixed cost 10,500 Operating income $11,500 Required: 1. Calculate the contribution margin ratio. 2. Calculate the variable cost ratio. 3. Calculate the break-even sales revenue for Ashton. 4. How could Ashton increase projected operating income without increasing the total sales revenue