Check 1 Exercise 2A-1 Activity-Based Absorption Costing (LO2-5) 33.33 points Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: eBook Direct Labor- Hours per Unit 0.80 0.40 Print References Huba Sprockets Annual Production 23,000 units 51,000 units Additional information about the company follows: a. Hubs require $20 in direct materials per unit, and Sprockets require $14 b. The direct labor wage rate is $19 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 Expected Activity Overhead Activity Cont Pool and Activity Measure) Cost Hube prosketa Total Machine setups number of setups) $ 23,805 115 92 207 Special processing machine-hours) $ 235,000 4,700 0 4,700 General factory (Direct labor-hours) 3 271,600 18,400 20,400 38.800 Required: 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 Mc CG Prey 1 of 3 288 Next > omework Required i Saved Help Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) $ 23,805 $ 235,000 $ 271,600 115 4,700 18,400 92 0 20,400 207 4,700 38,800 Required: 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. 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 General factory per DLH Ragud Required 2 > Complete this question by entering your answers in the tabs below. ces 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.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost