! Required Information Use the following Information for the Problems below. (Algo) The following information applies to the questions displayed below] Tent Master produces Pup tents and Pop-up tents. The company budgets $288,000 of overhead costs and 48,000 direct labor hours for this year. Additional Information follows. Per Unit Pup tent Pop-up tent Selling Price Direct Materials $84 79 $22 23 Direct Labor $47 29 Problem C-3A (Algo) Pricing analysis with activity-based costing LO P2 Activity Budgeted Cost Assembly Electricity $192,000 30,000 Activity Cost Driver Direct labor hours Machine hours Budgeted Activity Usage 48,000 10,000 Materials purchasing 66,000 Purchase orders Total $ 248,000 Required 1. Compute an activity rate for each activity using activity-based costing. 2. The company used the activities below to produce 10,000 Pup tents and 5,000 Pop-up tents. Allocate overhead costs to Pup tents and to Pop-up tents and compute overhead cost per unit for each. Activity Cost Driver Direct labor hours Pig Tents 33,000 Activity Usage Pop-up tents 15,000 3500 6,500 150 350 Machine Purchase orders 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the selling price per unit minus the product cost per unit