Using activity-based costing, compute the overhead cost per unit for each model. (Round "Activity Rate" to 2 decim other answers to the nearest whole dollar amount.) Overhead cost per unit-Model X Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Overhead cost per unit-Model Z Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Activity Usage Activity Rate Allocated Cost Activity Usage Activity Rate Allocated Cost Required 1 Required 2 Required 3 Required 4 Compute the total product cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Per Unit Model X Model Z Direct Materials Direct Labor Overhead Product Cost per Unit Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Negative amounts should be indicated with a minus sign.) Per Unit Model X Model Z Selling Price Product cost per unit Gross Profit Process Activity Activity $ 311,000 26,000 $ 337,000 Budgeted Cost Activity Cost Driver Machine hours (MH) Usage 7,800 Setups 120 Assembly Machining Setups Finishing Support Inspecting $ 222,000 Purchasing $ 136,000 Inspections 820 Purchase orders 450 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Model X 1,800 Model Z 3,600 2,200 5,600 40 80 Inspections 500 320 Purchase orders Per Unit 300 150 Model X Model Z Selling price per unit $ 410 Direct materials cost per unit Direct labor cost per unit 145 130 $ 390 115 130 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Machining Setups Inspecting Purchasing Budgeted Cost Budgeted Activity Usage Activity Rate