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Fogerty Company makes two products-titanium Hubs and Sprockets Data regarding the two products follow Direct Labor-Hours per Unit 0.80 0.40 Hubs Sprockets Annual Production 17,000 units 53.000 units Additional information about the company follows a. Hubs require $23 in direct materials per unit and Sprockets require S11 b. The direct labor wage rate is $10 per hour c Hubs require special equipment and are more complex to manutacture than Sprockets d. The ABC system has the following activity cost pools Activity Sprockets BB Estimated Overhead Activity Cost Pool (Activity Measure) COSE HUBS Machine setups (number of setups) $ 22.600 100 Special processing machine-hours) $ 202,500 4,500 General factory (organization-sustaining) $ 149,800 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 Total 180 4,500 NA MA NA 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 Fogerty Company makes two products--tanium Hubs and Sprockets Data regarding the two products follow Direct Libor Hours per Unit A Production Hube 0. 17.00 units Sprockets 53,000 units Additional information about the company follows 2. Hubs requre 523 in direct materials per unit, and Sprockets require $11. b. The direct labor wage rate is $10 per hour Hubs require special equipment and are more complex to manufacture than Sprockets d. The ABC system has the following activity cost pools Activity Sprocket Total 150 4.500 Estimated Overhead Activity Cost Pool Activity Measure) Cost Hube Machine stups (number of setups) $ 21,600 100 Special processi (achine hours) $ 202,500 4.500 General factory (organization sustainine) $ 140,000 TA 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 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 $ 0005 000