Required information Use the following information for the Problems below. (Algo) [The following information opplies to the questions displayed below] Tent Master produces Pup tents and Pop-up tents. The company budgets $366,000 of overhead cost and 61,000 direct labor hours. Additional information follows. Problem 17-3A (Algo) Using activity-based costing to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P3 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 8.000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. 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). compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 derirnal places.) The following actual activity usage produced 10,000 Pup tents and 8,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. (Round "Activity Rate" and "Overbead per unit" to 2 decimal places.? Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Pate" and final anwwers to 2 decimal places.) For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). (Round "Activity Rate" and final answens to 2 decimal ploces. Enter any product costis in excess of seling prices as negative values.)