Precision Manufacturing incorporated (PMI) makes two types of industrial component parts-the EX300 and the TX500. It annually produces 55,000 units of EX 300 and 12,000 units of TX500. The company's comventonal 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 shewn below: The company is considering implementing an activity-based costing system that distributes all of its manufecturing ovechead to four activities as shown below: Required: 13. Compute the plantwide ovemead rate that would be used in the company's convertional cost system. Th. Using the plantwide rete, compute the unit peoduct 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 owerhead rate that would be used in the company's conventional cost system. (flound rour ang wer to 2. dedmal plsces