Please show ALL WORK and STEPS. PLEASE EXPLAIN ALL STEPS. Please WRITE your work with BLACK PEN and PAPER. WRITE NEATLY - NO CURSIVE. After attaching your written work, PLEASE TYPE YOUR FINAL ANSWERS. PLEASE FOLLOW ALL INSTRUCTIONS HERE AND IN THE ATTACHED QUESTION.

High-Calibre Products Corporation makes two products: titanium rims and posts. Data regarding the two products follow: Direct Labour- Hours per Unit 0.40 0.20 Annual Production 20,000 units 80,000 units Rims Posts Additional information about the company follows: a. Rims require $17 in direct materials per unit, and posts require $10. b. The direct labour 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: Activity Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labour-hours Estimated Overhead Cost $21,600 $180,000 $288,000 Rims 100 4,000 8,000 Posts 80 0 16,000 Total 180 4,000 24,000 Required: 1. Compute the activity rate for each activity cost pool. Activity Cost Pool Machine setups Special processing General factory Activity Rate per setup per MH per DLH 2. Determine the unit cost of each product according to the ABC system, including direct materials and direct labour. (Round your answers to 2 decimal places.) Rims Posts Unit cost