Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Hubs Sprockets Direct Labor-Hours per Unit 0.70 0.30 Annual Production 19,000 units 43,000 units Additional information about the company follows: a. Hubs require $27 in direct materials per unit, and Sprockets require $20. b. The direct labor wage rate is $11 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 Activity Cost Pool (and Activity Measure) Machine Betups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Cost $ 34,020 $ 122,500 Hubs. Expected Activity Sprockets Total $ 183,400 140 3,500 13,300 112 0 252 12,900 3,500. 26,200 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 activity rate for each activity cost pool. Activity Cost Pool Machine setups Special processing General factory Activity Rate per setup per MH per DLH 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.) Direct materials Direct labor Manufacturing overhead Unit product cost Hubs Sprockets