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 Rounded Edge Direct materials Direct labor Total product cost $40,800 Squared Edge $ 52,800 total $93,600 Overhead (using plantwide rate) 13,600 47460 35,200 48.800 89,400 136,800 5 101,800 $177,400 $279,200 Units produced Product cost per unit 17,600 $30.08 11,600 $7.49 Northwest's controller wants to apply activity-based costing to allocate the $136.800 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 Depreciation of machinery Setup budgeted Cost $7,200 71,000 58,600 Activity Cost Driver Purchase orders Rounded Edge 199 orders Machine hours Setups see hours 40 setups Activity Usage Squared Edge 521 orders 1,500 hours 210 setups Total 720 orders 2,000 hours 250 setups total 3 136,00 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. Answer is not complete. 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 Direct Materials Product Cost per Direct Labor Overhead Unit Rounded Edge 40.80 201.10s Squared Edge 1.076.04 11.12