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 Rims Posts Direct Labor- Hours per unit 0.30 0.50 Annual Production 21,000 units 74,000 units Additional information about the company follows: a. Rims require $15 In direct materials per unit, and Posts require $12. 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: Estimated Activity Estimated Overhead Cost Rins 120 4,000 Posts 280 0 Total 400 4,000 6,300 37,000 43,300 Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours $ 37,000 $146,520 $ 672,000 Exercise 4-8 (Algo) Part 1 Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 derimal places.) Activity Cost Pool Machine setups Special processing General factory Activity Rate per setup per MH per DLH