8 5 Book Hint Print Exercise 4-19 (Algo) Activity-based costing to compute activity rates, overhead cost per unit, and product cost per unit LO P3 Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data, Direct materials Direct labor Total product cost Rounded Edge Squared Edge Total $ 82,800 43,400 122,400 $ 35,400 11,800 42,000 Overhead (using plantwide rate) $ 89,200 11,800 $7.56 $ 159,400 Units produced rences Product cost per unit $ 47,400 31,600 80,400 15,800 $ 10.09. $ 248,600 Northwest's controller wants to apply activity-based costing to allocate the $122.400 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Purchasing Budgeted Cost $6,300 Depreciation of machinery 63,800 Setup 52,300 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge 154 orders 500 hours 40 setups Activity Usage Squared Edge 476 orders 1,500 hours 210 setups Total 630 orders 2,000 hours 250 setups Total $122,400 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Activity Budgeted Cost. Purchasing $ 6,300 Activity Cost Driver Purchase orders Depreciation of machinery Setup 63,800 52,300 Machine hours Rounded Edge. 154 orders 500 hours Squared Edge Tot Setups 40 setups 476 orders 1,500 hours 210 setups 630 2,000 25e $ 122,400 Total Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Purchasing Depreciation Setup Budgeted Cost Budgeted Activity Usage Activity Rate Required 1 Required 2 > Required 1 Required 2 Required 3 Compute overhead cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Overhead cost per unit-Rounded Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Activity Usage Activity Rate Allocated Cost Activity Usage Activity Rate Allocated Cost < Required 1 Required 3 > Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round intermediate calculations and final answers to 2 decimal places.) Per Unit Rounded Edge Squared Edge Direct Materials Direct Labor Overhead Product Cost per Unit < Required 2 Required 3