mework 1 Required information 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 Labor-Hours per unit Annual Production 20,000 units 80,800 units Rims Posts 0.40 0.28 Additional information about the company follows: a. Rims require $17 in direct materials per unit, and Posts require $10 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 Activit Estimated Overhead Total 188 4,000 24,000 tivity Cost Pool Activity Measu Cost Rams 100 4,000 8, 000 80 Machine setups Special processing General factory Number of setups Machine-hours Direct labor hours $21,600 s 180,000 $ 288,00e 16,000 Required 1. Compute the activity rate for each activity cost pool. 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 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