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Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor-Hours per unit Annual Production Rims 0.30 29,000 units Posts 0.20 86,000 units Additional information about the company follows: Rims require $18 in direct materials per unit, and Posts require $14. The direct labor wage rate is $16 per hour. Rims are more complex to manufacture than Posts and they require special equipment.
The ABC system has the following activity cost pools:
Estimated Activity Activity Cost Pool Activity Measure Estimated Overhead Cost Rims Posts T otal
Machine setups Number of setups $ 42,140 100 100 200
Special processing Machine-hours $ 131,580 2,000 0 2,0000
Question 1: Determine the unit product cost of each product according to the ABC system.
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