Precision Manufacturing Incorporated (PMI) makes two types of industrial component parts-the EX300 and the TX500. It annually produces 52,000 units of EX300 and 11,700 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: Direct materials Direct labor EX300 $ 358,325 TX500 $ 112,000 $ 154,550 $ 38,500 Total $ 512,875 $ 150,500 The company is considering implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below: Activity Cost Pool (and Activity Measure) Manufacturing Overhead Machining (machine-hours) Setups (setup hours) $ 161,575 Product-level (number of products) 81,600 77,390 EX300 82,000 35 Activity TX500 58,500 220 1 1 Total 140,500 255 2 General factory (direct labor dollars) 40,635 $ 112,000 $ 38,500 $ 150,500 Total manufacturing overhead cost $ 361,200 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 Req 1B Req 2A Req 2B Compute the plantwide overhead rate that would be used in the company's conventional cost system. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLS < Req 1A Req 1B > Req 1A Req 1B Req 2A Req 2B Using the plantwide rate, compute the unit product cost for each pr answers to 2 decimal places.) Unit product cost EX300 TX500 Req 1A Req 1B Req 2A Req 2B Compute the activity rate for each activity cost pool. (Round your Machining and General factor places.) Activity Cost Pools Machining Setups Product-level General factory Activity Rate per MHR per setup hour per product per DLS < Req 1B Req 2B > Req 1A Req 1B Req 2A Req 2B Using the activity rates, compute the unit product cost for each product. (Round your intermediate calculations and final answers to 2 decimal places.) EX300 TX500 Unit product cost