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roblem 4-12 (Algo) Contrasting ABC and Conventional Product Cost [LO4-2, LO 4-3, LO 4-4] Precision Manufacturing Incorporated (PM) makes two types of industriai component parts-the EX300 and the TX500. It annuaily produces 54,000 units of EX300 and 11,900 units of TX500. The company's conventional cost system allocates manufacturing sverhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: The company is considering implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below: Required: 1.e. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 16. Using the plantwide rate, compute the unit product cost for each product. 2-a. Computo the activity rate for each activity cost pool. 2 b. Using the activity rotes, compute the unit product cost for each product. Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 1-b. Using the plantwide rate, compute the unit product cost for each product. 2a. Compute the activity rate for each actlvity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product. Complete this question by entering your answers in the tabs below. Using the plantwide rate, compute the unit product cost for each product. (Round your intermediate calculationis and hinal answers to 2 decimal places.). Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 1-b. Using the plantwide rate, compute the unit product cost for each product. 2 -a. Compute the activity rate for each activity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product. Complete this question by entering your answers in the tabs below. Using the activity rates, compute the unit product cost for each product. (Round your intermediate calculations ond final answers to 2 decimal places