Paragraph Styles Performance Products Corporation makes two products, Titanium Rims and Posts. Data regarding the two products is provided in the following table: Direct Labor Hours per Unit Annual Production Rims 0.40 20,000 units Posts 0.20 80,000 units Additional information about the company follows: a. Rims require $17.00 in direct materials per unit, and Posts require $10.00. b. The direct labor wage rate is $16.00 per hour. C. Rims are more complex to manufacture than Posts, and they require special equipment. d. The Activity Based Costing (ABC) System has the following activity cost pools: Activity Cost Pool Activity Measure Rims Posts Estimated Overhead Cost Total Activity for Rims and Posts Machine Setups $21,600 10080 180 Number of Machine Setups Special Processing Machine Hours $180,000 4,000 4,000 General Factory Direct Labor Hours $288,000 8.000 16,000 24,000 Required. Use the tables on the following page to determine the following required components: In order to receive full credit please show all work!! 1. Compute the activity rate for each activity pool. 2. Determine the amount of manufacturing overhead assigned to each product (Rims and Posts) for each activity cost pool. 3. Determine the unit product cost of each product (Rinhs and Posts) according to the ABC system. Styles Editing Voices 1. Compute the activity rate for each activity pool. Activity Cost Pool Estimated Overhead Cost Machine Setups $ 21,600 Expected Activity 180 Activity Rate $ 120 Special Processing $ 180,000 4.000 $ 45 General Factory $ 288,000 24.000 2. Overhead is assigned to the two products as follows: Rims: Activity Cost Pool Activity Rate Machine Setups $ 120 Activity ABC Cost $ 12,000 100 Special Processing $ 45 4000 $ 180,000 General Factory $ 12 8000 $ 96,000 Total Factory Overhead $ 288,000 Posts: Activity Activity Cost Pool Machine Setups Activity Rate $ 120 80 ABC Cost $ 9.600 Special Processing $ 45 $0 General Factory 16,000 $ 192.000 Total Factory Overhead $ 201,600 TE ** A-D-A- - - - 1 Normal 1 No Spac. Heading 1 Heading 2 Title Font Paragraph Styles Direct materials Direct labor Manufacturing Overhead: Unil cost Partill 1. Litt and describe the steps in order for implementing Activity Booed ond Costing 2 Identity and describe the limitation of Activity Based Costing I focul