Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Tent Master produces Pup tents and Pop-up tents. The company budgets $360,000 of overhead cost and 60,000 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 7,500 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. 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). Pop-up tents and compute overhead cost per unit for each product. 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. Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Complete this question by entering your answers in the tabs below. The following actual activity usage produced 10,000 Pup tents and 7,500 Pop-up tents. Allocate overtiead 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 Dlaces.) 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. Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 decimal places.) 3. Compute product cost per unit for Pup tents and for Pop-up tents. 2. 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. 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.)