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Required information Exercise 4-8 (Algo) Computing ABC Product Costs [LO4-2, LO4-3] [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 0.80 Annual Production 29,000 units Rims Posts 0.80 73,000 units Additional information about the company follows: a. Rims require $20 in direct materials per unit, and Posts require $18. 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: Estimated Activity Estimated Rims Posts Activity Cost Pool Machine setups Special processing General factory 100 100 Activity Measure Number of setups Machine-hours Direct labor-hours Overhead Cost $ 34,310 $ 113,150. $1,218,000 200 1,000 e 1,000 23,200 58,400 81,600 Exercise 4-8 (Algo) 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 Total