Exercise 17-17 (Algo) Using activity-based costing to allocate overhead, compute product cost and gross profit LO P3 Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. Process Assembly Finishing Support Activity Machining Setups Inspections Purchase orders Inspecting Purchasing Budgeted Cost $ 311,400 22,000 $ 333,400 $ 226,000 $ 136,000 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Model X 2,200 2,200 60 500 360 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model Z 4,400 5,200 Model X $415 150 145 Activity Cost Driver Machine hours (MH) Setups 120 340 180 Inspections Purchase orders Model Z $ 395 100 135 Budgeted Activity Usage 7,400 180 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. 840 540 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).

Using activity-based costing, compute the overhead cost per unit for each model. (Round "Activity Rate" to 2 decir other answers to the nearest whole dollar amount:) Exercise 17.17 (Algo) Using activity-based costing to allocate overhead, compute product cost and gross profit LO P3 Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. Additional production information concerning its two models follows. 1. Compute the activity rate for each octivity using activity-based costing. 2. Using octivity-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). 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.) Exercise 1717 (Algo) Using activity-based costing to allocate overhead, compute product cost and gross profit LO P3 Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. Additional production information concerning its two models follows. 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). Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) 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.)