4 Part 1 of 2 214 points Required information Exercise 4-8 (Algo) Computing ABC Product Costs [LO4-2, LO4-3] [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: Rims Posts Print References Direct Labor- Hours per unit 0.00 0.80 Annual Production 29,000 units 73.000 units Additional information about the company follows: a. Rims require $20 in direct materials per unit, and Posts require $18. b. The direct labor wage rate is $16 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: Mc Graw Estimated Activity Estimated Overhead Cost Rims 100 1,000 Posts 100 0 23,200 58,400 Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours $ 34,310 5 113,150 $1,218,000 9 < Prev 4 5 of 7 Next > Check my work Total 200 1,000 81,600 2 es Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Overhead Cost $ 34,310 $ 113,150 $ 1,218,000 Rims Posts 100 100 1,000 23,200 58,400 Exercise 4-8 (Algo) 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 Special processing General factory Activity Rate $ 171.55 per setup $ 113.15 per MH per DLH Prev 5 of Next >