Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Selling Price $ 78 73 Direct Materials $ 20 25 Direct Labor $ 45 30 Problem 4-3A (Static) Using activity-based costing to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P3 Activity Assembly Electricity Materials purchasing Total Budgeted cost $ 168,000 24,000 60,000 $ 252,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Budgeted Activity Usage 42,000 10,000 400 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. Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Activity Usage Pup tents Pop-up tents 30,000 12,000 4,000 6,000 150 250 3. Compute product cost per unit for Pup tents and for Pop-up tents 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.) Budgeted Cost Budgeted Activity Usage Activity Rate Assembly Electricity Materials purchasing direct labor hours Require machine hours Required 1 Required 2. Required 3 Required 4 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. (Round "Activity Rate" and "Overhead per unit" to 2 decimal places.) Allocate overhead to Pup tent Activity Usage Activity Rate Allocated Cost Activity Assembly Electricity Materials purchasing Total allocated cost direct labor hours Units produced Overhead cost per unit machine hours purchase orders -up tent Allocate overhead to Pop-up tent Activity Usage Activity Rate Allocated Cost Activity Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit 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 Product Cost Direct Labor Overhead per Unit 20.00 $ 45.00 Pup tent Pop-up tent 25.00 30.00 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.) Per Unit Selling Price Product Cost Gross Profit $ 78.00 Pup tent Pop-up tent 73.00