Problem 4-12 (Algo) Contrasting ABC and Conventional Product Cost (L04-2, L04-3, L04.4) Precision Manufacturing Incorporated (PMI) makes two types of industrial component parts--the EX300 and the TX500. annually produces 64,000 units of EX300 and 12.900 units of TX500. The company's conventional cost system allocate 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 X300 Total Direct labor $ 370,335 166,550 $530,15 # 124,000 $4,500 The company is considering implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below. Manufacturing Nativity Activity Coat Pool and Activity Overhead 00 To Machining machine-hours) $ 237,750 94.000 64,500 158.500 setupe setup hours) 191.00 95 Product-level number of producto 89.83 General factory direct labor dollars) 70-270 $ 124,000 44.500 $16.500 Total manufacturing overhead cost $ 59,750 35 2 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 10 Red 2A Reg 20 Compute the plantwide overhead rate that would be used in the company's conventional cost system. (Round your answer to 2 decimal places.) por DLS Reg 1B Prey 1 of 4 Next >