1 Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit 0.90 0.50 Annual Production 20,000 units 52,000 units Hubs Sprockets 2 points Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $20. b. The direct labor wage rate is $11 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (Direct labor-hours) Estimated Overhead Cost 16,065 $ 117,000 $ 880,000 Hubs 85 3,900 18,000 Expected Activity Sprockets 68 0 26,000 Total 153 3,900 44,000 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials $ 31.00 $ 20.00 Direct labor 9.90 5.50 6.30 X 0.14 X Manufacturing overhead Unit product cost $ 47.20 $ 25.64