1 Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours 1 per points Unis Annual Productios 0.50 25,000 units Sprockets 0.10 42,000 units Additional information about the company follows: a. Hubs require $33 in direct materials per unit, and Sprockets require $10. b. The direct labor wage rate is $19 per hour c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setupe (number of aetups) Special processing (machine-hours) General factory (organisation-sustaining) Required: 1. Compute the activity rate for each activity cost pool. Estimated Overhead Cons $18,010 Activity Hubs Sprockets Total 110 198 $164,500 4,700 0 4,700 $50,300 NA NA NA 2. Determine the unit product cost of each product according to the ABC system. Answer is complete but not entirely correct. omplete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the uns product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Direct materials Direct labor Hubs Sprockets 33.00 $ 10.00 0 9.500 1.90 O Overhead 7.00 O 0.21 Unit cost $ 49.50 S 12.11