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, titanium Rims and Posts. Data regarding the two products follow Direct Labor-Hours per unit 0.60 2.20 Annual Production 22,000 units 80,000 units 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: 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 Cost Pool Machine setups de Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Estimated Overhead Cost $ 27,200 $ 130,400 $1,056,000 Rins 120 5,800 5,000 Posts 280 Total 400 5,000 66,000 61,000 Exercise 4-8 Part 1 Required: 1. Compute the activity rate for each activity cost pool (Round your answers to 2 decimal places.) Activity Cost Pool Machine setups Activity Rate per setup earch