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Precision Manufacturing Incorporated ( PMI ) makes two types of industrial component parts - the EX 3 0 0 and the TX 5 0 0

Precision Manufacturing Incorporated (PMI) makes two types of industrial component parts-the EX300 and the TX500. It annually produces 62,000 units of EX300 and 12,700 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:
\table[[,EX300,TX500,Total],[Direct materials,$368,325,$164,550,$532,875
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