Exercise 2A-1 (Algo) Activity-Based Absorption Costing (LO2-5) Fogerty Company makes two products--Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Hubs 0.80 14,000 units Sprockets 0.40 55,000 units ces 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 $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: Estimated Overhead Cost $ 18,900 $ 196,000 $365,200 Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Expected Activity Huba Sprockets Total 100 180 4,900 0 4,900 11,200 22,000 33,200 80 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 $ 100 $ 0.00