Performance Products Corporation makes two products, Titanium Rims and Posts. Data regarding the two products is provided in the following table:

	Direct Labor Hours per Unit	Annual Production
Rims	0.40	20,000 units
Posts	0.20	80,000 units

Additional information about the company follows:

1. Rims require $17.00 in direct materials per unit, and Posts require $10.00.
2. The direct labor wage rate is $16.00 per hour.
3. Rims are more complex to manufacture than Posts, and they require special equipment.
4. The Activity Based Costing (ABC) System has the following activity cost pools:

Activity Cost Pool	Activity Measure	Estimated Overhead Cost	Rims	Posts	Total Activity for Rims and Posts
Machine Setups	Number of Machine Setups	$21,600	100	80	180
Special Processing	Machine Hours	$180,000	4,000	0	4,000
General Factory	Direct Labor Hours	$288,000	8,000	16,000	24,000

1. Determine the TOTAL AND UNIT product cost of each product (Rims and Posts) according to the ABC system. PLEASE SHOW THE WORK AND HOW YOU SOLVED THE PROBLEM - I WANT TO UNDERSTAND WHAT I'M DOING. THANK YOU!!!!

   	Rims	Posts
   Direct materials:
   Direct labor:
   Manufacturing Overhead:
   Unit cost