Required information Exercise 4-8 (Algo) Computing ABC Product Costs [LO4-2, LO4-3] [The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Rims Posts Direct Labor- Hours per unit 0.50 0.60 Annual Production 18,000 units 77,000 units Additional information about the company follows: a. Rims require $12 in direct materials per unit, and Posts require $8 b. The direct labor wage rate is $15 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Activity Cost Pool Machine setups Special processing General factory Estimated Activity Activity Measure Number of setups Machine-hours Estimated Overhead Cost Rims Posts Total $ 34,650 120 80 200 $ 124,740 2,000 0 2,000 Direct labor-hours $ 648,000 9,000 46,200 55,200 Exercise 4-8 (Algo) Part 1 Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Activity Rate Machine setups Special processing General factory per setup per MH per DLH