Please answer Required 1-4 ASAP!

Exercise 4-17 (Static) 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 Activity Machining Setups Activity Cast Driver Machine hours ( Setups Budgeted Activity Usage 6.800 120 Buditeted Cost $ 279.000 24,000 5 303,000 $ 210,000 $ 135,000 Finishing Support Inspecting Purchasing 700 Inspections Purchase orders 450 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model X 1,724 1, 40 400 300 Model 2 3,463 4.2e 80 300 150 Per Unit Model x Model Selling price per unit 5 420 5.400 Direct materials cost per unit 100 90 Direct Laber cost per unit 150 160 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: Required 2 Required 3 Required 4 Compute the activity rate for each activity using activity based costing. (Round "Activity rate" to 2 decimal places.) Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model 1,724 1,80 40 Model z 3.463 4,200 80 300 150 300 Model x $420 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model z $ 400 90 160 100 150 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 rato" to 2 decimal places.) Activity Bulgeted Cost Budgeted Activity Usage Activity Rate Machining Setups Impecting Purchasing Required 2 > 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.) Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Model X Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Model Z Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Additional production into do Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model x 1,724 1,800 40 400 30 Model z 3,463 4,200 BO 300 150 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model X $ 420 100 150 Hodel z $ 400 90 160 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 Por each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (Do not round Intermediate calculations. Negative amounts should be indicated with a minus sign.) Selling Price Product cost per unit Gross Profit Per Unit Model X Model Z