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Saved Help Save 9 Precision Manufacturing Inc. (PMI) makes two types of Industrial component parts--the EX300 and the TX500. It annually produces 57,000 units of EX300 and 12,200 units of TX500. The company's conventional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: 6 points Direct materials Direct labor EX300 $363,325 $117,000 TX500 $159,550 $ 41,000 Total $522,875 $158,000 eBook The company is considering Implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below. Print Activity References Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost Manufacturing Overhead EX300 $214,600 87,000 122, 100 60 69,360 1 52,140 $117,000 $458, 200 TX500 61,000 270 1 $41,000 Total 148,000 330 2 $158.ece Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-b. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Reg 2A Reg 28 Compute the activity rate for each activity cost pool. (Round your Machining and General factory activity rates to 2 decimal places.) ME HII