Exercise $4-8($Algo$)$ Computing ABC Product Costs $[$LO$4-2,$ LO$4-3]$

$[$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:

$\backslash$table$[[,\backslash$table$[[$Direct Labor$-],[$Hours per unit$]],\backslash$table$[[$Annual$],[$Production$]]],[$Rims$,0\mathrm{.}30,28,000$ units$],[$Posts$,0\mathrm{.}60,76,000$ units$]]$

Additional information about the company follows:

a$.$ Rims require $$17$ in direct materials per unit, and Posts require $$15.$

b$.$ The direct labor wage rate is $$15$ 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:

$\backslash$table$[[$Activity Cost Pool,Activity Measure,,,,$],[\backslash$table$[[$Estimated$],[$Overhead Cost$]],$Rims,Posts,Total$],[$Machine setups,Number of setups,$$30,400,120,280,400],[\backslash$table$[[$Special processing$],[$General factory$]],\backslash$table$[[$Machine$-$hours$],[$Direct labor$-$hours$]],\backslash$table$[[$$$145,160$