Q1) Precision Manufacturing Inc. makes two types of industrial component parts the EX300 and the TX500. It annually produces 60,000 units of EX300 and 12,500 units of TX500. Information relating to the company's two product lines is shown below: (30 points) EX300 TX500 $366,325 $162,550 $528,875 Direct labor. $120,000 $42,500 162,500 Total Direct materials The company is implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below: Manufacturing Activity Activity Cost Pool (and Activity Measure) Overhead EX300 TX500 Total Machining (machine-hours) $198.250 90,000 62,500 152,500 Setups (setup hours) 150,000 75 300 Product-level (number of products) 100,250 1 2 General factory (direct labor dollars)................ 60.125 $120,000 $42,500 $162,500 Total manufacturing overhead cost.......... $508,625 375 1 a. Compute the activity rate for each activity cost pool. b. Using the activity rates, compute the overhead allocated to cach product unit. c. Compute product cost for each product. Activity Cost Pool Activity Measure Activity Rate EX300 Overhead Costs TX 500 Overhead Costs Activity Machining Setups Product-level General factory Total manufacturing overhead cont Unit MO