Required information Exercise 4-8 Computing ABC Product Costs (L04-2, L04-3) The following information applies to the questions displayed below.) Performance Products Corporation makes two products, titanlum Rims and Posts. Data regarding the two products follow: Direct Labor-Bours per unit 0.60 0.20 Annual Production 22,000 units 80,000 units in Posts Additional Information about the company follows: a. Rims require $14 in direct materials per unit, and Posts require $10 b. The direct labor wage rate is $15 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 Activity Cont Pool Machine setup Special processing General factory Activity Measure Number of setup Machinebourn Direct labor-hours Estimated Overhead Cont $ 27,200 $ 190,400 $1,056,000 FLEX 120 5,000 5,000 Posts 200 0 61.000 Total 400 5.000 66,000 Exercise 4-8 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 coul of Ports