Problem 1 (10 points) Snow Products Corporation makes two products, titanium Rims and Posts. Additional information about the company follows: a. Rims require $15 in direct materials per unit, and Posts require $12. b. The direct labor wage rate is $18 per hour. Following are the data regarding the two products and ABC costing: Data Regarding the two product follows Direct Labor-hour per unit Annual Production Rims 0.6 40.000 Posts 0.4 60,000 Activity Rims Posts Total Activity Cost pool: Activity cost pool (and activity Estimated measure) Overhead costs Machine setups (number of setups) 32,000 Special Processing (machine hours) 250,000 General factory (direct labor hours) 360,000 50 100 160 4,000 1,000 5,000 24,000 24,000 48,000 Required: Determine the total cost of Posts according to the ABC system. Show details of your working