Exercise 7-13 Computing ABC Product Costs (L07-3, L07-4) 2.23 points Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Annual Unit Production 0.50 20.000 units 0.10 56.000 units Sprockets 01 Additional Information about the company folows: References a. Hubs require $28 in direct materials per unit, and Sprockets require $20. b. The direct labor wage rate is $15 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 Coat Pool (Netivity Measure) Machine setups (number of setupa) Special processing machine-hours) General factory organisation-staining Estimated Overhead Coat 936,450 $ 94,000 601,200 Activity Hubs Sprockets Total 150 120 270 4,700 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. Camathie metinn henterin newere in the rahe hain