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Required Information Exercise 4-8 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. Dato regarding the two products follow Direct Labor-Hours Annual Production per unit 20,000 Rims 0,48 units 88,000 Posts 0.20 units Additional information about the company follows: nd Posts require $10 require rect materials per unit, 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 Activity Cost Pool Machine setups Special processing Machine-hours General factory Activity Measure Number of setups Cost Rims Posts Total $ 21.600 100 80 180 $180,00e Direct labor-hours $288,eee 4,00e 8,000 4,000 16,000 24,e0e Exerclse 4-8 Part 1 Required: 1. Compute the activity rate for each activity cost pool. Activity Rate Activity Cost Pool Machine setups per setup Special processing General factory per MH per DLH Required information Exercise 4-8 Computing ABC Product Costs [LO4-2, LO4-3] [The following information applies to the questions displayed below. Performance Products Corporaton makes two products, titanlum Rims and Posts. Data regarding the two products follow: Direct Labor-Hours Annual Production per unit 20,000 units Rims 0.40 80,000 units Posts 0.20 Additlonal Information about the company follows: a. RIms requlre $17 In direct materlals per unit, and Posts requlre $10 b. The direct labor wage rate Is $16 per hour c. Rims are more complex to manufacture than Posts and they require speclal equipment. d. The ABC system has the followling activity cost pools: Estimated Activity Estimated Overhead Activity Cost Pool Machine setups Activity Measure Number of setups Rims Total Cost Posts 21,600 $180,e Direct labor-hours $288,000 100 80 180 Special processing Machine-hours General factory 4,000 8,000 4,000 24,000 16,000 Exercise 4-8 Part 2 2 Determine the unlt 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