Exercise 7-13 (Algo) Computing ABC Product Costs (L07-3, LO7-4) Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Hubs 0.70 19,000 units Sprockets 0.30 42,000 units Additional information about the company follows: 0. Hubs require $30 in direct materials per unit, and Sprockets require $20, b. The direct labor wage rate is $12 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: nices Activity Sprockets 64 Estimated Overhead Activity Cost Pool (Activity Measure) Cost Hubs Machine setups (number of setups) $ 14,400 80 Special processing (machine-hours) $ 168,000 4,800 General factory (organization-sustaining) $7126,700 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, Total 144 4,800 NA NA Concert Overview. Er Problem d. The state gosto Title Overhead So 04 31 heter Se recent $10.00 1. 1. Computerachycool 2. Den en product cost of the ABC Competente