Check my work Exercise 4-8 (Algo) Computing ABC Product Costs [LO4-2, 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- Annual Rours per unit Production Rima 0.40 26,000 units Poste 0.60 38,000 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 $18 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: Activity Cost Pool Machine stupe Special processing Coneral factory Activity Measure Number of botupe Machine-hours Direct labor hours Estimated Activity Estimated Overhead Coat Rim Ponto 28.160 110 90 $164.560 2.000 O 9.780,000 10,400 52,800 Total 200 2,000 63,200 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 Rata per setup Activity Cost Pool Machine setups Special processing General factory per MH per DLH Exercise 4-8 (Algo) Part 2 2. Determine the unit product cost of each product according to the ABC system. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Unit product cost of Rims Unit product cost of Posts