4. Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: 10 points Direct Labor-Hours per Unit 0.70 0.30 Hubs Sprockets Annual Production 19,000 units 51,000 units Additional information about the company follows: eBook a. Hubs require $22 in direct materials per unit, and Sprockets require $20. b. The direct labor wage rate is $14 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: Print References Estimated Overhead Cost $ 15,120 $ 215,000 $ 212,200 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (organization-sustaining) Activity Sprockets 64 Hubs 80 4,300 NA Total 144 4,300 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 calculations. Round your answers to 2 decimal places.) $ Hubs Sprockets 22.00 $ 20.00 9.80 4.20 Direct materials Direct labor Overhead Unit cost $ 31.80 $ 24.20