Precision Manufacturing Inc. (PMI) makes two types of industrial component parts-the EX300 and the TX500. It annually produces 69,000 units of EX300 and 13,400 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 $375,325 TX500 $171,550 Total $546,875 $129,000 $ 47,000 $176,000 The company is considering implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below: Activity Cost Pool (and Activity Measure) Machining (machine-hours) Product-level (number of products) Setups (setup hours) General factory (direct labor dollars). Total manufacturing overhead cost Required: Activity Manufacturing Overhead EX300 $182,600 99,000 TX500 67,000 Total 166,000 249,900 187,020 120 1 390 1 510 2 84,480 $129,000 $704,000 $47,000 $176,000 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. Req 1A Req 18 Req 2A Req 28 Compute the plantwide overhead rate that would be used in the company's conventional cost system. (Round your answer to 2 decimal places.) Activity Activity Cost Pool Manufacturing (and Activity Measure). Machining (machine-hours) Overhead EX300 $182,600 99,000 2X500 67,000 Total 166,000 Setups (setup hours). 249,900 120 390 510. Product-level (number of products) 187,020 1 1 2 General factory (direct labor dollars) 84,480 $129,000 $47,000 $176,000 Total manufacturing overhead cost $704,000 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. Req 1A Req 18 Req 2A Req 28 Compute the plantwide overhead rate that would be used in the company's conventional cost system. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLS Reg 1A Req 18 > The company is considering implementing an activity-paseo costing system that distributes all of its manufacturing overneau t activities as shown below: Activity Coat Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost Required: Activity Manufacturing Overhead EX300 $182,600 99,000 TX500 67,000 Total 166,000 249,900 187,020 120 1 390 510 1 2 94,400 $129,000 $47,000 $176,000 $704,000 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. Req 1A Req 18 Req 2A Req 28 Using the plantwide rate, compute the unit product cost for each product. (Round your intermediate calculations and final answers to 2 decimal places.) EX300 TX500 Unit product cost Saved The company is considering implementing an activity-based cosung system that distributes all of its manufacturing overnead to activities as shown below: Activity Coat Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours). Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost Activity Manufacturing Overhead EX300 $182,600 99,000 X500 67,000 Total 166,000 249,900 187,020 120 1 390 1 510 2 84,480 $129.000 $47,000 $176,000 $704,000 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. Req 1A Req 18 Req 2A Req 28 Compute the activity rate for each activity cost pool. (Round your Machining and General factory activity rates to 2 decimal places.) Activity Cost Pools Machining Setups Product-level General factory Activity Rate per MHR per setup hr. per product per DLS Saved The company is considering implementing an activity-based costing system that distributes ail or its manuracturing overnea activities as shown below: Activity Activity Cost Pool (and Activity Measure) Manufacturing Overhead EX300 Machining (machine-hours) $182,600 99,000 Setups (setup hours) 249,900 Product-level (number of products) 187,020 120 1 TX500 67,000 390 1 Total 166,000 510 2 General factory (direct labor dollars) 84,480 $129,000 $47,000 $176,000 Total manufacturing overhead cost $704,000 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. Req 1A Req 18 Req 2A Req 2B 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