Exercise 4-8 (Algo) Computing ABC Product Costs (LO4-2, L04-3] [The following information applies to the questions displayed below.] I Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor- Hours per unit Rima Posts 0.60 Annual Production 26,000 units 0.60 84,000 units Additional information about the company follows: a. Rims require $17 in direct materials per unit, and Posts require $14. b. The direct labor wage rate is $20 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: Estimated Activity Activity Cost Pool Machine setups Special processing General factory Activity Measure. Number of setups Machine-hours Estimated Overhead Cost $ 39,400 $146,160 Rims 80 Posts 320 Total 400 3,000 0 3,000 Direct labor-hours $ 1,092,000 15,600 50,400 66,000 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