Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit 0.80 Annual Production 10,000 units Hubs Sprockets 0.40 40,000 units Additional information about the company follows: a. Hubs require $32 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $15 per hour. c. Hubs are more complex to manufacture than Sprockets and 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) Estimated Overhead Cost Expected Activity Hubs 100 Sprockets 300 Total 400 5,000 0 5,000 $ 816,000 8,000 16,000 24,000 $ 72,000 $ 200,000 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