Precision Manufacturing Inc. (PMI) makes two types of industrial component parts--the EX300 and the TX500 ft annually produces 52,000 units of EX300 and 11700 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 5355,325 $112.000 TX500 $154,550 $ 30,500 Total $512,875 sise,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 Tutal 140,50 ces 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 $161,575 $1,600 77,500 40,635 5361,200 EX300 12.000 35 1 $113,000 TO 53.500 220 1 $38,500 2 Required: 1a Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-6. Using the plantwide rate, compute the unit product cost for each product 2- 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. FIA Reg 1B ROG 2A Beg 20 Compute the plantwide overhead rate that would be used in the company's conventional cost system. (Round your answer to 2 decimal places) Pretoned over por DLS rint Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system 1-6. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool 2-6. Using the activity rates, compute the unit product cost for each product erences Complete this question by entering your answers in the tabs below. Req IA Reg 18 Reg 2A Reg 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 Setup Product level General factory Activity Rate per MHR per setup har per product per DLS