Exercise 4-8 (Algo) Computing ABC Product Costs [LO4-2, LO4-3] [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 0.50 0.60 Annual Production 18,000 units 77,000 units Additional information about the company follows: a. Rims require $12 in direct materials per unit, and Posts require $8. 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: Estimated Activity Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups. Machine-hours. Estimated Overhead Cost Rins $ 34,650 $ 124,740 120 2,000 Posts 80 0 Total 200 2,000 Direct labor-hours $ 648,000 9,000 46,200 55,200 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