Exercise 3-8 Computing ABC Product Costs [LO3-2, LO3-3] 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 Annual Labor-Hours Production per unit 070 26,000 units Rims 90,000 units 070 Posts Additional information about the company follows a. Rims require $14 in direct materials per unit, and Posts require $10 b. The direct labor wage rate is $18 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: Estimated Activity Estimated Overhead Cost Activity Cost Pool Machine setups Activity Measure Number of setups Machine-hours Total Rims Posts $42,300 $162,000 936,000 120 80 200 Special processing 4,000 4,000 General factory Direct labor-hours 4,000 48,000 52,000 Exercise 3-8 Part 1 Required: 1. Compute the activity rate for each activity cost pool. (Round your final answers to 2 decimal places.) Activity Cost Pool Activity Rate Machine setups Special processing General factory per setup per MH per DLH Exercise 3-8 Part 2 2. Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculation. Round your final answers to 2 decimal places.) Unit product cost of Rims Unit product cost of Posts