1. Using a plantwide overhead rate based on 6,250 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. a. Compute overhead activity rates \\begin{tabular}{|l|l|l|} \\hline \\multicolumn{1}{|c|}{ Activity } & Activity Rate \\\\ \\hline Machine setup & per setup \\\\ \\hline Parts handling & per part \\\\ \\hline Quality inspection & per inspection \\\\ \\hline \\end{tabular} b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost \\begin{tabular}{|l|l|l|} \\hline \\multicolumn{1}{|c|}{ Activity } & & \\\\ \\hline Machine setup & & \\\\ \\hline Parts handling & & \\\\ \\hline Quality inspection & & \\\\ \\hline Total allocated cost & & \\\\ \\hline Units produced & & \\\\ \\hline Overhead cost per unit & & \\\\ \\hline \\end{tabular} c. Product cost per unit using activity-based costing \\begin{tabular}{|l|l|} \\hline Per Unit & \\( \\begin{array}{c}\\text { Product Cost per } \\\\ \\text { Unit }\\end{array} \\) \\\\ \\hline Product A & \\\\ \\hline Product B & \\\\ \\hline \\end{tabular}