Problem 17-3B Using activity-based costing to allocate overhead cost, and compute overhead cost per unit and gross profit per unit P3 Refer to the information in Problem 17-2B. Additional information on overhead cost follows. Required 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 12,ooo units of Extra Fine and 8,ooo units of Family Style. Allocate overhead cost to Extra Fine and to Family Style and compute overhead cost per unit for each product using activity-based costing. 3. Compute product cost per unit for Extra Fine and for Family Style. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Problem 17-2B Using plantwide overhead rate to allocate overhead cost, and compute overhead cost per unit and gross profit per unit P1 Sara's Salsa produces salsa in two types: Extra Fine for restaurants and Family Style for home use. The company budgets $280,000 of overhead cost and 40,000 direct labor hours. Additional information follows