Chec O Exercise 7-13 (Algo) Computing ABC Product Costs [LO7-3, L07-4) 10 points Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: eBook Direct Labor- Hours per Annual Unit Production 0.BO 27,000 unita 0.40 44,000 units Print Hub Sprockets References Additional information about the company follows: a. Hubs require $30 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $17 per hour. c. Hubs require special equipment and are more complex to manufacture that Sprockets. d. The ABC system has the following activity cost pools: Activity Activity Cost Pool (activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Overhead Cost $ 27,405 5 86,000 $ 144,800 Hubs Sprockets Total 145 116 261 4,300 0 4.300 NA NA NA 5 116 Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) $ 27,405 $ 86,000 $ 144,800 145 4,300 NA 0 NA 261 4,300 NA 10 points 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, eBook 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: Required 2 > Check my work 5 261 Machine setupa (number of setup) Special processing (machine-hours) General factory organization-sustaining) $ 27,405 $36.000 $ 144,800 145 4,300 NA 116 0 NA 4.300 NA 10 points 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 eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Reqdired 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 Required 1 Required 2