Exercise 2A-1 Activity-Based Absorption Costing (LO2-5) Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow. Direct Labor- Hours per Unit 0.60 0.20 Hubu Sprockets Annual Production 18,000 unita 59,000 units Additional information about the company follows: a. Hubs require $22 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $10 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: Expected Activity Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Estimated Overhead Cost $ 15,390 $ 275,000 $ 135,600 Hubs 90 5,000 10,800 Sprockets 72 0 11,800 Total 162 5,000 22,600 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 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 $ 0.00 $ 0.00