A company makes two products - Widgets and Spindles. Data regarding the two products follow Direct Labor- Hours per Unit 0.70 Annual Production Widgets Spindles 25,000 units 0.30 43,000 units Additional information about the company follows: Widgets require $28 in direct materials per unit, and Spindles require $15 b. The direct labor wage rate is $17 per hour c. Widgets are more complex to manufacture than Spindles and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: a Estimated Overhead Expected Activity Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Widgets Cost Spindles 92 Total 20,700 $ 200,000 $ 182,400 115 4,000 17,500 207 4,000 30,400 12,900 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Widgets and Spindles using activity-based absorption costing Complete this question by entering your answers in the tabs below. Required 2 Required 1 Compute the unit product cost for Widgets and Spindles using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Saved C. Widgets are more complex to manufacture than Spindles and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: Estimated Overhead Expected Activity Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Cost Widgets 115 4,000 Spindles 92 Total 207 4,000 20,700 $ 200,000 $ 182,400 17,500 12,900 30,400 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Widgets and Spindles using activity-based absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate Machine setups per setup Special processing per MH General factory per DLH Required 2 Estimated Expected Activity Overhead Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special process ing (machine-hours) General factory (Direct labor-hours) Cost Widgets 115 Spindles 92 Total 20,700 $ 200,000 $ 182,400 207 4,000 0 4,000 30,400 17,500 12,900 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Widgets and Spindles using activity-based absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the unit product cost for Widgets and Spindles using activity-based absorption costing. (Do not round intermed calculations. Round your answers to 2 decimal places.) Widgets Spindles Direct materials Direct labor Manufacturing overhead 0.00 Unit product cost 0.00