Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Hubs Sprockets 0.60 26,000 units 0.20 48,000 units Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $12 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 $14,175 Hubs 75 Sprockets 60 Total 135 $ 180,000 4,000 0 4,000 $ 378,000 15,600 9,600 25,200 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing.