EXERCISE 3-8 Computing ABC Product Costs [L03-2, LOHI Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two Direct Labor-Hours Annual per Unit Production Rims Posts 0.40 0.20 20,000 units 80,000 units Aditional information about the company follows: Rims require $17 in direct materials per unit, and Posts require S10 Rims are more complex to manufacture than Posts and they require special equipment. bThe direct labor wage rate is $16 per hour d The ABC system has the following activity cost pools: Estimated Activity Estimated Activity Cost Pool Activity Measure Overhead Cost Rims Posts Total $21,600 100 4,000 180 0 4,000 8,000 16,000 24,000 80 Machine setups Number of setups Special processing General factory....Direct labor-hours $180,000 Machine-hours$288,000 Required . Compute the activity rate for each activity cost pool. 2Determine the unit product cost of each product according to the ABC system