Check m Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production 0.50 24,000 units 0.10 49,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $14. b. The direct labor wage rate is $20 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: Activity Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (nachine-hours) General factory (organization-sustaining) Estimated Overhead Cost $ 14,500 Hubs Sprockets Total 90 72 162 $ 240,000 4,000 0 4,000 $ 51,200 NA 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