2 6.66 points eBook Print References Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Hubs 0.80 14,000 units 47,000 units Sprockets 0.40 Additional information about the company follows: a. Hubs require $28 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $17 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: Estimated Overhead Cost Hubs Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) $ 16,830 85 $ 225,500 4,100 General factory (organization-sustaining) $ 387,200 Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate Machine setups per setup Special processing per MH Activity Sprockets 68 0 NA Total 153 4,100 2 6.66 points eBook Print References Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Hubs 0.80 14,000 units 47,000 units Sprockets 0.40 Additional information about the company follows: a. Hubs require $28 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $17 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: Estimated Overhead Cost Hubs Activity Cost Pool (Activity Measure) Machine setups (number of setups) Activity Sprockets 68 $ 16,830 85 Special processing (machine-hours) $ 225,500 0 4,100 153 4,100 General factory (organization-sustaining) $ 387,200 Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost $ 0.00 $ 0.00 Total