Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Unit 0.50 0.10 Annual Production 24,000 units 54,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $24 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $17 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special equipment. d. The ABC system has the following activity cost pools: Activity Sprockets Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Overhead Cost Hubs $ 22,680 120 $ 222,000 3,700 $ 60,600 NA Total 216 3,700 NA NA Required: 1. Compute the activity rate for each activity cost pool. Activity Rate Activity Cost Pool Machine setups Special processing $ $ 236 per setup 222,000 per MH 2. Determine the unit product cost of each product according to the ABC system. (Round intermediate calculations and final answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost