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