Process Assembly Machining Setups Activity Budgeted Cost $ 311,400 22,000 $ 333,400 Finishing Inspecting $ 226,000 Support Purchasing $ 134,000 Budgeted Activity Activity Cost Driver Machine hours (MH) Usage 7,600 Setups 120 Inspections 780 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Model X Model Z 2,200 4,400 Machine hours Setups Inspections Purchase orders 2,000 5,600 40 80 480 300 340 170 Per Unit Selling price per unit Direct materials cost per unit Model X $ 400 155 Model Z $ 380 105 Direct labor cost per unit 135 135 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 L 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 total product cost per unit for each model. Note: 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