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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

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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 0.70 Rims Posts Annual Production 22,000 units 79,000 units Additional information about the company follows: a. Rims require $17 in direct materials per unit, and Posts require $14. b. The direct labor wage rate is $19 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 Rims Overhead Activity Cost Pool Activity Measure Cost 27,650 Machine setups Number of setups $ 119,290 Special processing Machine-hours $ Posts 120 Total 200 80 1,000 0 1,000 Estimated Activity Estimated Overhead Rims Total Activity Cost Pool Activity Measure Cost Machine setups Number of setups $ 27,650 Special processing Machine-hours $ 119,290 Posts 120 80 200 1,000 0 1,000 General factory Direct labor-hours $616,000 8,000 36,000 44,000 Required: 1. Compute the activity rate for each activity cost pool. (Round your final answers to 2 decimal places.) Activity Cost Pool Machine setups Special processing General factory Activity Rate per setup per MH per DLH

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