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2 Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: ints Direct Labor- Hours per Annual Unit Production 0.70 29,000

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2 Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: ints Direct Labor- Hours per Annual Unit Production 0.70 29,000 units 0.30 57,000 units Hubs Sprockets eBook Additional information about the company follows: Print a. Hubs require $31 in direct materials per unit, and Sprockets require $11. 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: References Activity Activity Coat Pool (Activity Measure) Machine setups (number of setupa) Special processing (machine-hours) Ceneral factory (organization-sustaining) Estimated Overhead Cont $ 28,710 $160,000 $345,200 Hubs Sprockets Total 145 116 261 4,000 0 4,000 NA NA NA 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 2 d. The ABC system has the following activity cost pools: Activity Estimated Overhead Cost $ 28,710 $160,000 $345,200 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) pints Hubs Sprockets Total 145 116 261 4,000 0 4,000 NA NA NA eBook 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. Print Complete this question by entering your answers in the tabs below. References 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 Required 2 > Activity Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (organization-sustaining) Estimated Overhead Cost $ 28,710 $160,000 $345,200 Hubs Sprockets Total 145 116 261 4,000 0 4,000 NA NA NA 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 calculation your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost

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