Exercise 4-8 Computing ABC Product Costs (L04-2, 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-Hours per unit Rims Posts 0.70 0.80 Annual Production 26,000 units 90,000 units 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 $20 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 Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor--hours Estimated Overhead Cost $ 33,300 $ 172,888 $858,000 Posts 230 Rims 70 3.000 5,800 Totaz 380 3, see 78,000 73,000 Dones points Estimated Activity Activity Cost Pool Machine setups Special processing General factory Posts Estimated Overhead Cost $33,300 $ 172,800 $858,000 Activity Measure Number of setups Machine-hours Direct labor-hours Rins 70 3,000 5,000 230 Total 300 3,000 78,000 73,000 Muerences Exercise 4-8 Part 2 2. Determine the unit product cost of each product according to the ABC system. (Do not round Intermediate calculations. Round your final answers to 2 decimal places) Unit product cost of Rims Unit product cost of Posts