4.1000 polnts Precision Manufacturing Inc. (PMI) makes two types of industrial component parts-the EX300 and the TX500. It annually produces 55,000 units of EX300 and 12,000 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 Direct materials Direct labor EX300 $361,325 $157,550 $518,875 $115,000 40,000 $155,000 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) Manufacturing Overhead EX300 85,000 50 TX500 60,000 250 Total $ 224,750 Machining (machine-hours) Setups (setup hours) Product-level (number of products) General factory (direct labor dollars) 145,000 300 105,000 40,700 48,050 $115.000 $40,000 $ 155,000 Total manufacturing overhead cost $418.500 Required