Activity Budgeted Cost Activity Cost Driver Usage Machine hours (MH) 7,800 Setups 240 Process Assembly Machining Setups Pinishing Support Inspecting Purchasing Activity $ 311,200 28,000 $ 339,200 $224,000 $ 134,000 Inspections 780. Purchase orders 540 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Inspections Setups Purchase orders Per Unit Model X Model z 1,800 3,600 2,200 5,600 80 160 500 280 360 180 Model X $ 415 Model $ 395 150 125 115 125 Selling price per unit Direct materials cost per unit Direct labor cost per unit 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Machining Setups Inspecting Purchasing Budgeted Cost Budgeted Activity Usage: Required 1 Required 2 > Activity Rate 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using activity-based costing, compute the overhead cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Overhead cost per unit-Model X Activity Activity Usage Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Overhead cost per unit-Model Z Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Activity Rate Allocated Cost $ 0 Activity Usage Activity Rate Allocated Cost < Required 1 Required 3> 0 $ 0 0 $ 339,200 Finishing Support Inspecting Purchasing $ 224,000 $ 134,000 Inspections 780 Purchase orders 540 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Per Unit Model X 1,800. Model z 3,600 2,200 5,600 80 160 500 280 360 180 Model X Model z $ 415 150 $ 395 115 125 125 Selling price per unit Direct materials cost per unit Direct labor cost per unit 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the total product cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Per Unit Model X Model Z Direct Materials Direct Labor Overhead Product Cost per Unit < Required 2 Required 4 > Finishing Support Inspecting Purchasing $ 224,000 Inspections 780 $ 134,000 Purchase orders 540 Additional production information concerning its two models follows. Units and Activities. Units produced Machine hours Setups Inspections Purchase orders Per Unit Selling price per unit Model X Model Z 1,800 3,600 2,200. 5,600 80 160 500 280 360 180 Model X Model Z $ 415 150 $ 395 115 125 125 Direct materials cost per unit Direct labor cost per unit 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Negative amounts should be indicated with a minus sign.) Per Unit Model X Model Z Selling Price Product cost per unit Gross Profit < Required 3 Required 4 >