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 $276,000 of overhead cost and 46,000 direct labor hours. Additional information follows. Per Unit Pup tent Selling Price Direct Materials Direct Labor Pop-up tent 29 32 $ 90 85 $ 24 $ 51 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 Activity Budgeted Cost Assembly $184,000 Electricity 28,000 Materials purchasing Total 64,000 $276,000 Required: Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Budgeted. Activity Usage 46,000 10,000 500 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 5,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Cost Driver Direct labor hours (DLH) Machine hours (MH)) Purchase orders (PO) Activity Usage Pup tents Pop-up tents 32,000 3,500 200 14,000 6,500. 300