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need help on getting the unit product cost please! Precision Manufacturing Inc (PMI) makes two types of industrial component parts--the EX300 and the TX500. It

need help on getting the unit product cost please! image text in transcribed
Precision Manufacturing Inc (PMI) makes two types of industrial component parts--the EX300 and the TX500. It annually produces 59,000 units of EX300 and 12,400 units of TX500. The company's conventional cost system allocates manufacturing overhead 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. Direct materials Direct labor EX300 $365,325 $119,000 TX500 $161,550 $ 42,000 Total $526,875 $161,000 The company is considering implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below. Activity Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost Manufacturing Overhead $203,850 140,400 96,390 57,960 $499,100 EX300 89,000 20 1 $119,000 TXSOO 62,000 290 Total 151,000 360 2 $161,000 $42.000 Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-5. 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. Reg 1A Reg 1B Reg 2A Reg 26 Using the activity rates, compute the unit product cost for each product. (Round your intermediate calculations and final answers to 2 decimal places.) EX300 TX500 Unit product cost

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