Please anwser all parts to this question.

Precision Manufacturing Inc. (PMI) makes two types of industrial component parts---the EX300 and the TX500. It annually produces 50,000 units of EX300 and 11,500 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 TX500 Total $356,325 $152,550 $508,875 $110,000 $37,500 $147,500 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 $144,375 67,500 75,750 36,875 $324,500 EX300 80,000 25 1 $110,000 TX500 57,500 200 1 $37,500 Total 137,500 225 2 $147,500 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. lleine the activity ratae comuto the unit nandurt net for each product >110,000 ,33 > 147,00 General Tactory wirect laoor collars Total manufacturing overhead cost 30,075 $324,500 Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-5. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 2A Req 2B Compute the plantwide overhead rate that would be used in the company's conventional cost system. (Round 2 decimal places.) Predetermined overhead rate per DLS Req 1A Req 1B Reg 2A Req 2B Using the plantwide rate, compute the unit product cost for each product. (Round your intermediate calcu answers to 2 decimal places.) EX300 TX500 Unit product cost Req 1A Req 1B Req 2A Req 2B Compute the activity rate for each activity cost pool. (Round your Machining places.) Activity Rate per MHR Activity Cost Pools Machining Setups Product-level General factory per setup hr. per product per DL$ 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. Req 1A Req 1B Req 2A Req 2B Using the activity rates, compute the unit product cost for each product. (Round you answers to 2 decimal places.) EX300 TX500 Unit product cost