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Required information

Exercise $4-8($Algo$)$ Computing ABC Product Costs $[$LO$4-2,$ LO$4-3]$

$[$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:

$\backslash$table$[[,\backslash$table$[[$Direct Labor$-],[$Hours per unit$]],\backslash$table$[[$Annual$],[$Production$]]],[$Rims$,0\mathrm{.}40,18,000$ units$],[$Posts$,0\mathrm{.}80,76,000$ units$]]$

Additional information about the company follows:

a$.$ Rims require $$10$ in direct materials per unit, and Posts require $$7.$

b$.$ The direct labor wage rate is $$17$ 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:

$\backslash$table$[[,,$Estimated Activity,$],[$Activity Cost Pool,Activity Measure,$\backslash$table$[[$Estimated$],[$Overhead Cost$]],$Rims,Posts,Total$],[$Machine setups,Number of setups,$$25,080,80,220,300],[$Special processing,Machine$-$hours,$$122,360,2,000,2,000,],[$General factory,Direct labor$-$hours,$$702,000,7,200,60,800,68,000]]$

Exercise $4-8($Algo$)$ Part $1$

Required:

Compute the activity rate for each activity cost pool. $($Round your answers to $2$ decimal places.$)$

$\backslash$table$[[$Activity Cost Pool,Activity Rate$],[$Machine setups,,per setup$],[$Special processing,,per MH$],[$General factory,,per DLH$]]$