Exercise 4-8 Computing ABC Product Costs (L04-2, 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. Direct Labor-Hours Annual per unit Production Rims 19,000 units Posts 78,000 units 0.6e 0.50 Additional information about the company follows: a. Rims require $16 in direct materials per unit, and Posts require $12. b. The direct labor wage rate is $17 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 Activity Cost Pool Activity Measure Cost Rims Posts Machine setups Number of setups $ 27,300 110 190 Special processing Machine-hours $144,300 3,000 e General factory Direct labor-hours $570,000 5, eee 52,00 Total 380 3, eee 57,000 Exercise 4-8 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