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. Direct materials Direct labor EX300 $368,325 $122,000 TX500 $164,550 $ 43,500 Total $532,875 $165,500 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) Machining (machine-hours) Setups (setup hours) Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost Required: Manufacturing Overhead $217,700 170,100 EX300 92,000 85 Activity TX500 63,500 Total 155,500 320 405 02,150 1 66,200 $546,150 $122,000 $ 43,500 $165,500 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 1-5 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 Camalate thie nusetinn hu antarinn unor neware in the the hala R 1 of 4 Next >>