Required information 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. Direct Labor-Hours per unit 0.70 0.80 Annual Production 26.000 units 90,000 units Rims Posts Additional Information about the company follows: a. Rims require $14 in direct materials per unit, and Posts require $10. b. The direct labor wage rate is $20 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: Estimated Activity Estimated Overhead Activity Cost Pool Activity Measure Cost Rims Posts Machine setups Number of setups $ 5.30 70 2 30 Special processing Machine-hours $ 172,800 3.000 0 General factory Direct labor-hours $858.000 5.000 73.000 Total 300 3.000 78,000 Required: 1. Compute the activity rate for each activity cost pool. (Round your final answers to 2 decimal places.) Answer is complete and correct. Activity Cost Activity Rate Pool Machine 111.00 setups Setup Special 357.60 processing General factory Per 111.00 $11.00 per 2. Determine the unit product cost of each product according to the ABC system. (Do not round Intermediate calculation. Round your final answers to 2 decimal places.) Unit product cost of Rims Unit product cost of Posts