Chec Required information Exercise 4-8 (Algo) Computing ABC Product Costs [LO4-2, L04-3] [The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor- Annual Hours per unit Production Rims 0.30 21,000 units Posts 0.50 74,000 units Additional information about the company follows: a. Rims require $15 in direct materials per unit, and Posts require $12. b. The direct labor wage rate is $16 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Estimated Activity Estimated Overhead Cost Rims Posts $ 37,000 120 280 $ 146,520 4,000 $ 672,000 6,300 37,000 Total 400 4,000 43,300 Exercise 4-8 (Algo) Part 1 Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Estimated Activit Estimated Overhead Cost Rims Post $ 37,000 120 28 $ 146,520 4,000 $ 672,000 6,300 37,00 Exercise 4-8 (Algo) Part 1 Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal place Activity Rate per setup Activity Cost Pool Machine setups Special processing General factory per MH per DLH BRE 2. Determine the unit product cost of each product according to the ABC system. (Do not round in Round your final answers to 2 decimal places.) Unit product cost of Rims Unit product cost of Posts