2 ES Precision Manufacturing Inc (PMI) makes two types of industrial component parts-the EX300 and the TX500 It annually produces 56,000 units of EX300 and 12100 units of TX500. The company's conventional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base Additional information relating to the company's two product lines is shown below. EX300 TX580 Total Direct materials $362,325 $158,550 $520,875 Direct labor $116,000 $ 40, see $156,500 The company is considering implementing an activity based costing system that distributes all of its manufacturing overhead to four activities as shown below Activity Activity Cost Pool (and Activity Measure) Machining (nachine-hours) Setups (setup hours) Product-level (number of products) General factory (direct labon dollars) Total manufacturing overhead cost Manufacturing Overhead EX300 $219,750 86,080 113,480 55 54,97 1 50,080 $116,000 5438,200 TX500 60,500 260 T 1 $48,500 Total 146,500 315 2 $156,500 Required: 1-3 Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-5. Using the plantwide rate, compute the unit product cost for each product 2-a Compute the activity rate for each activity cost pool 2-6 Using the activity rates, compute the unit product cost for each product Answer is not complete. Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost 54,970 50,000 $438,280 $116,000 $40,500 $156,500 Required: 1-a Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-b. Using the plantwide rate, compute the unit product cost for each product 2-a. Compute the activity rate for each activity cost pool 2. Using the activity rates, compute the unit product cost for each product Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 2A Req 2B Compute the plantwide overhead rate that would be used in the company's conventional cost system. (Round your answer to 2 decimal places.) Predetermined overhead rate $ 333 (per DLS 1 Reg 1B > Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-b. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool. 2-6. Using the activity rates, compute the unit product cost for each product Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 2A Reg 28 Using the plantwide rate, compute the unit product cost for each product. (Round your intermediate calculations and final answers to 2 decimal places.) EX300 TX500 Unit product cost Answer is not complete. Complete this question by entering your answers in the tabs below. Regia Reg 10 Red 2A Req 28 D Compute the activity rate for each activity cost pool. (Round your Machining and General factory activity rates to 2 decimal places.) Activity Cost Pools Activity Rate Machuning per MHR Setups per setup he Product-level per product General factory per DLS Answer is not complete. Complete this question by entering your answers in the tabs below. Receba Reg 1A Req 16 Reg 2A Using the activity rates, compute the unit product cost for each product. (Round your intermediate calculations and final answers to 2 decimal places.) EX300 TX500 Unit product cost