Jamesway Corporation makes two types of replacement fittings for heavy construction equipment-screws and bolts. Data regarding the two products follow: Screve Bolts Direct Labour- Hours per Unit 0.20 Annual Production 0.10 40,000 units 60,000 units Additional information about the company follows: a. Screws require $8.65 in direct materials per unit, and bolts require $6.65. b. The direct labour wage rate is $50 per hour. c. Screws are more complex to manufacture than bolts, and they require special equipment. d. The ABC system has the following activity cost pools: Activity Cost Tool Machine setups Special processing General factory Required: Activity Measure Number of setups Machine-hours Direct labour-hours 1. Compute the activity rate for each activity cost pool. Activity Coat Pool Activity Rate Machine selups $ 215 per setup Special processing $ 53 per MH General factory $ 23 per DLH Estimated Overhead Cost Screvs $ 25,000 $212,000 Activity Bolts Total $483,000 80 4,000 7,000 40 120 0 4,000 14,000 21,000 2. Determine the unit cost of each product according to the ABC system, including direct materials and direct labour. (Round your answers to 2 decimal places.) Screws Bolts Direct materials 8.65 $ 6.65 Direct Isbour 10.00 5.00 Overhead Unit cost $ 18.65 $ 11.65