es Exercise 7-13 (Algo) Computing ABC Product Costs [LO7-3, LQ7-4] Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Hubs Sprockets Direct Labor-Hours per Unit 0.70 0.30 Annual Production 18,000 units 45,000 units Additional information about the company follows: a. Hubs require $36 in direct materials per unit, and Sprockets require $17. b. The direct labor wage rate is $13 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:

Exercise 7-13 (Algo) Computing ABC Product Costs [LO7-3, LO7-4] Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Additional information about the company follows: a. Hubs require $36 in direct materials per unit, and Sprockets require $17. b. The direct labor wage rate is $13 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: Additional information about the company follows: a. Hubs require $36 in direct materials per unit, and Sprockets require $17. b. The direct labor wage rate is $13 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: 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