Line following information apples to the questions aisplayed below.) Performance Products Corporation makes two products, titanium Rims and Posts Data regarding the two products follow: Direct Labor- Hours per unit 0.70 0.70 Annual Production 22,000 units 79,000 units RIS Posts Additional information about the company follows: a. Rims require $17 in direct materials per unit, and Posts require $14. b. The direct labor wage rate is $19 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: Activity cont Pool Machine Setup Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Estimated Activity Estimated Overhead Cost Rims Posts $ 27,650 80 120 $ 119,290 1,000 0 $ 616,000 15,400 55,300 Total 200 1,000 20,700 Exercise 4-8 (Algo) Part 1 Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Machine setups Special processing General factory Activity Rate per setup per MH per DLH Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Rims Posto Direct Labor- Hours per unit 0.70 0.70 Annual Production 22,000 units 79,000 units Additional information about the company follows: a. Rims require $17 in direct materials per unit, and Posts require $14. b. The direct labor wage rate is $19 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: Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Estimated Activity Estimated Overhead cost Rims Posts $ 27,650 80 120 $ 119,290 1,000 0 $ 616,000 15,400 55.300 Total 200 1,000 70, 700 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.) Answer is complete but not entirely correct. Unit product cost of Rims 41 32 3 Unit product cost of Posts $ 33 89