Precision Manufacturing Inc. (PMI) makes two types of industrial component partsthe EX300 and the TX500. It annually produces 57,000 units of EX300 and 12,200 units of TX500. The companys 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 companys two product lines is shown below: EX300 TX500 Total Direct materials $ 363,325 $ 159,550 $ 522,875 Direct labor $ 117,000 $ 41,000 $ 158,000 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) Manufacturing Overhead Activity EX300 TX500 Total Machining (machine-hours) $ 214,600 87,000 61,000 148,000 Setups (setup hours) 122,100 60 270 330 Product-level (number of products) 69,360 1 1 2 General factory (direct labor dollars) 52,140 $ 117,000 $ 41,000 $ 158,000 Total manufacturing overhead cost $ 458,200 Required: 1-a. Compute the plantwide overhead rate that would be used in the companys conventional cost system. (Round your answer to 2 decimal places.) Predetermined overhead rate: _______per DL$ 1-b. Using the plantwide rate, compute the unit product cost for each product. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	EX300	TX500
Unit Product Cost

2-a. Compute the activity rate for each activity cost pool. (Round your Machining and General factory activity rates to 2 decimal places.)

Activity Cost Pools	Activity Rate
Machining	_________per MH
Setups	________per setup hr
Product-level	________per product
general factory	________per DL$

2-b. Using the activity rates, compute the unit product cost for each product. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	EX300	TX500
Unit Product cost