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Activity Rates Production Setup Procurement Quality Control Materials Management Activity cost + Activity base /setup /PO Activity rate /inspection /component b. Assign activity costs to each product and determine the unit activity cost, using the activity rates from part (a). Rourid unit costs to the nearest cent. Custom Standard Setups Total Purchase Orders Total Inspections Total Components Total Total product cost Unit volume 3 Unit cost Assume that each product required one direct labor hout per unit Determine the per unit cost of factory overhead is allocated on the basis of direct Tabor hours, Round your answer to the nearest cent c. Assume that each product required one direct labor hour per unit. Determine the per unit cost if factory overhead is allocated on the basis of direct labor hours. Round your answer to the nearest cent. per unit d. The custom product will consume more materials management activities than will the standard product, Feedback Check My Wor a. Divide each activity cost by the activity base usage quantity b. Multiply the activity rate by each activity for both custom and standard types, Divide the total activity costs for each product by the budgeted unit volume c. Divide the total overhead costs by total direct labor hours unit volumes (2.000). d. Compare the two methods for allocating factory overhead