Fogerty Company makes two products$$titanium Hubs and Sprockets. Data regarding the two products follow:

Direct

Labor$-$Hours per Unit Annual

Production

Hubs $0\mathrm{.}5012,000$ units

Sprockets $0\mathrm{.}1043,000$ units

Additional information about the company follows:

Hubs require $$31$ in direct materials per unit, and Sprockets require $$19.$

The direct labor wage rate is $$14$ per hour.

Hubs require special equipment and are more complex to manufacture than Sprockets.

The ABC system has the following activity cost pools:

Estimated Activity

Activity Cost Pool $($Activity Measure$)$ Overhead Cost Hubs Sprockets Total

Machine setups $($number of setups$)$ $ $31,590130104234$

Special processing $($machine$-$hours$)$ $ $157,5004,50004,500$

General factory $($organization$-$sustaining$)$ $ $83,400$ 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.