Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four...

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Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Advanced Total Units produced Basic 90,000 270,000 Prime costs $6,480,000 $29,700,000 $36,180,000 Machine hours 90,000 450,000 540,000 Engineering hours 300 2,700 3,000 Receiving orders 400 1,200 1,600 Inspection hours 900 1,800 2,700 Overhead costs: Machining $6,480,000 Engineering 1,380,000 Receiving 480,000 Inspecting products 270,000 Required: 1. Calculate the four activity rates. Machining rate 12 per machine hour Engineering rate 460 per hour Receiving rate 300 per order Inspecting rate 100 per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Basic Advanced Unit cost per unit per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Basic Advanced Overhead Cost per unit per unit 3. If consumption ratios instead of activity rates were used to assign costs instead of activity rates, show the cost assignment for the inspection activity. Cost assignment Basic Advanced Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Advanced Total Units produced Basic 90,000 270,000 Prime costs $6,480,000 $29,700,000 $36,180,000 Machine hours 90,000 450,000 540,000 Engineering hours 300 2,700 3,000 Receiving orders 400 1,200 1,600 Inspection hours 900 1,800 2,700 Overhead costs: Machining $6,480,000 Engineering 1,380,000 Receiving 480,000 Inspecting products 270,000 Required: 1. Calculate the four activity rates. Machining rate 12 per machine hour Engineering rate 460 per hour Receiving rate 300 per order Inspecting rate 100 per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Basic Advanced Unit cost per unit per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Basic Advanced Overhead Cost per unit per unit 3. If consumption ratios instead of activity rates were used to assign costs instead of activity rates, show the cost assignment for the inspection activity. Cost assignment Basic Advanced