Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below.) Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Selling Price $ 78 73 Direct Materials $ 20 25 Direct Labor $ 45 30 Problem 4-2A (Static) Using plantwide overhead rate to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P1 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 42,000 direct labor hours. 2. Pup tents use 3 direct labor hours (DLH) per unit and Pop-up tents use 2 direct labor hours per unit. Compute the overhead cost per unit for each product. 3. Compute the product cost per unit for each product. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 42,000 direct labor hours. Numerator Denominator Required 2 > Total actual direct labor cost Total actual direct labor hours Total actual direct materials Total actual machine hours = Total actual manufacturing cost Regi Total actual overhead cost Total actual purchase orders Total budgeted direct labor cost Total budgeted direct labor hours = Total budgeted direct materials Total budgeted machine hours Total budgeted manufacturing cost Total budgeted overhead cost Total budgeted purchase orders Required 1 Required 2 Required 3 Required 4 Pup tents use 3 direct labor hours (DLH) per unit and Pop-up tents use 2 direct labor hours per unit. Compute the overhead cost per unit for each product. Plantwide Overhead Rate Direct Labor Hours per Unitt Overhead Cost per Unit Pup tent per unit Pop-up tent per unit Required 1 Required 2 Required 3 Required 4 Compute the product cost per unit for each product. Overhead Cost Product Cost Per Unit Direct Materials Direct Labor per Unit per Unit $ 20 $ 45 Pup tent Pop-up tent 25 30 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). (Enter any product costs in excess of selling prices as negative values.) Per Unit Selling Price Product Cost Gross Profit $ 78 Pup tent Pop-up tent 73