Activity Cost Pool (and Activity Measure). Estimated Overhead Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Cost $ 25,200 Hubs 140 $ 126,000 3,600 $ 316,400 14,400 Required: 1. Compute the activity rate for each activity cost pool. Expected Activity Sprockets 112 Total 252 0 3,600 8,200 22,600 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. 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.) Direct materials Direct labor Manufacturing overhead Unit product cost Hubs Sprockets $ 0.00 $ 0.00 k Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Hubs Sprockets Direct Labor-Hours per Unit 0.60 0.20 Annual Production 24,000 units 41,000 units Additional information about the company follows: a. Hubs require $27 in direct materials per unit, and Sprockets require $10. 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: Estimated Overhead Activity Cost Pool (and Activity Measure) es Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Required: Cost $ 25,200 $ 126,000 Hubs Expected Activity Sprockets Total 140 3,600 112 0 252 $ 316,400 14,400 8,200 3,600 22,600 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