Please Make sure to show all workand how you got the answers when solving to help me understand what and how this is done to help me prepare for my unit test this week that will involve a similar type problem, main thing is how its calculated and any formulas used please include. I struggle with this and need to study it to understand it.

Paragraph Style 1. Compute the activity rate for each activity pool. Activity Cost Pool Estimated Overhead Cost Expected Activity Activity Rate Machine Setups Special Processing General Factory 2. Overhead is assigned to the two products as follows: Rims: Activity Cost Pool Activity Rate Activity ABC Cost Machine Setups Special Processing General Factory Total Factory Overhead Posts: Activity Cost Pool Activity Rate Activity ABC Cost Machine Setups Special Processing General Factory Total Factory Overhead3. Determine the total and unit product cost of each product (Rims and Posts] according to the ABC system. Rims Posts Direct materials Direct labor. Manufacturing Overhead: Unit cost Part I I. Let and describe the stops (in order) for Implementing Activity Based and Costing. 2. Identity and describe the limitations of Activity Based Costing.Comprehensive Problem Il= Part I 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 Estimated Rims Posts Total Activity for Overhead Cost Rims and Posts Machine Setups Number of $21.400 100 180 Machine Setups Special Processing Machine Hours $180.000 4,000 4.000 General Factory Direct Labor Hours $208 000 8,000 16,000 24,000 Required - Use the tables on the following page to delermine 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 asigned to each product (Rims and Posts) for each activity cost pool. 3. Determine the unit product cost of each product [ Rims and Posts) according to the ABC system