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Required information (The following information applies to the questions displayed below) Tent Master produces Pup tents and Pop-up tents. The company budgets $318,000 of overhead cost and 53,000 direct labor hours. Additional information follows. Der Unit Selling Price Direct Materials Direct Labor Pup tent 5.24 549 Pop-up tent 93 $ 88 27 31 Activity sembly Electricity Materiale purchasing Total Nudgeted Cost $ 212,000 35,000 71,000 18,000 Activity Cont Driver Direct labor hours (DE) Machine hours (MH) Purchase orders (PO) Nudgeted Activity Usage 53,000 10.000 500 Required: 1. Compute an activity rate for each activity using activity-based costing 2. The following actual activity usage produced 10.000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product Retivity Usage Activity cont Driver up tente Pop-up tents Direct labor hours (DA) 35,500 Machine hours (10) 4,000 6,000 Purchase order (PO) 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit) 17,500 150 350 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 3 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Assembly Electricity Materials purchasing Required 2 > Allocate overhead to Pup tent Activity Usage Activity Rate Activity Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit Allocated Cost 0 0 0 0 Allocate overhead to Pop-up tent Activity Usage Activity Rate Activity Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit Allocated Cost $ 0 0 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate and final answers to 2 decimal places.) Product Cost Per Unit Overhead per Unit Pup tent Pop-up tent Direct Materials Direct Labor $ 24.00 $ 49.00 27.00 31.00 Required 1 Required 2 Required 3 Required 4 For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). (Round "Activity Rate" and final answers to 2 decimal places. Enter any product costs in excess of selling prices as negative values.) Product Cost Gross Profit Per Unit Pup tent Pop-up tent Selling Price $ 88.00 83.00