[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 0.80 0.80 Annual Production 29,000 units 73,000 units Rims Posts Additional information about the company follows: a. Rims require $20 in direct materials per unit, and Posts require $18. b. The direct labor wage rate is $16 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 Activity Cost Pool Machine setups Special processing General factory Posts 100 Estimated Overhead Cost $ 34,310 $ 113, 150 $ 1,218,000 Activity Measure Num of setups Machine-hours Direct labor-hours Rims 100 1,000 23,200 Total 200 1,000 81,600 58,400 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 per setup Special processing per MH General factory per DLH (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 0.80 0.80 Annual Production 29,000 units 73,000 units Rims Posts Additional information about the company follows: a. Rims require $20 in direct materials per unit, and Posts require $18. b. The direct labor wage rate is $16 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 Activity Cost Pool Machine setups Special processing General factory Posts 100 Estimated Overhead Cost $ 34, 310 $ 113,150 $ 1,218,000 Activity Measure Number of setups Machine-hours Direct labor-hours Rims 100 1,000 23,200 Total 200 1,000 81,600 58,400 2. Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Unit product cost of Rims Unit product cost of Posts