Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Bubs Sprockets Direct Labor-Hours: per Unit 0.80 0.40 Annual Production 24,000 units 47,000 units Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $11. b. The direct labor wage rate is $18 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: Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Required: 1. Compute the activity rate for each activity cost pool. Estimated Overhead. Expected Activity Cost $ 20,700 Hubs 100 Sprockets 80 Total 180 $ 92,500 3,700 0 3,700 $ 190,000 19,200 18,800 38,000 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 Activity Rate Machine setups Special processing per setup per MH General factory per DLH Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Hubs Sprockets Direct Labor-Hours per Unit 0.80 0.40 Annual Production 24,000 units 47,000 units Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $11. b. The direct labor wage rate is $18 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: Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Required: 1. Compute the activity rate for each activity cost pool. Estimated Overhead Cost Hubs Expected Activity Sprockets Total $20,700 $ 92,500 100 3,700 80 180 0 3,700 $ 190,000 19,200 18,800 38,000 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 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 Hubs Sprockets