Precision Manufacturing Incorporated $($PMI$)$ makes two types of industrial component parts$-$the EX$300$ and the TX$500.$ It annually Precision Manufacturing Incorporated $($PMI$)$ makes two types of industrial component parts$-$the EX$300$ and the TX$500.$ It annually

produces $70,000$ units of EX$300$ and $13,500$ units of TX$500.$ 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:

The company is considering implementing an activity$-$based costing system that distributes all of its manufacturing overhead to four

activities as shown below:

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 $1A$

Using the plantwide rate, compute the unit product cost for each product. $($Round your intermediate calculations and final

answers to $2$ decimal places.$)$ Precision Manufacturing Incorporated $($PMI$)$ makes two types of industrial component parts$-$the EX$300$ and the TX$500.$ It annually

produces $70,000$ units of EX$300$ and $13,500$ units of TX$500.$ 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 relatin

the company's two product lines is shown below:

The company is considering implementing an activity$-$based costing system that distributes all of its manufacturing overhead to fou

activities as shown below:

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 $1$B

Req $2A$

Req $2$B

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

places.$)$ Precision Manufacturing Incorporated $($PMI$)$ makes two types of industrial component parts$-$the EX$300$ and the TX$500.$ It annually

produces $70,000$ units of EX$300$ and $13,500$ units of TX$500.$ 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:

The company is considering implementing an activity$-$based costing system that distributes all of its manufacturing overhead to four

activities as shown below:

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 $2A$

Req $2$B

Using the activity rates, compute the unit product cost for each product. $($Round your intermediate calculations and final

answers to $2$ decimal places.$)$

produces $70,000$ units of EX$300$ and $13,500$ units of TX$500.$ 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:

The company is considering implementing an activity$-$based costing system that distributes all of its manufacturing overhead to four

activities as shown below:

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.

Compute the plantwide overhead rate that would be used in the company's conventional cost system. $($Round your answer to

$2$ decimal places.$)$