Fogerty Company makes two products---Hubs and Sprockets. Data regarding the two products follow. Direct Labor-Hours per Unit Annual Production Hubs 8.80 10,000 units 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 they require special processing d. The company's activity-based absorption costing system has the following activity cost pools: Estimated Activity Cost Pool (and Activity Measure) Overhead Cost Machine setups (number of setups) $72,000 Special processing (machine-hours) $ 200,000 General factory (Direct labor-hours) $ 816,000 Expected Activity Hubs Sprockets Total 100 300 400 5,000 5,000 8,000 16,000 24,000 Required: 1. Compute the activity rote 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: Required 2 Compute the activity rate for each activity cost pool Activity Cost Pool Activity Rate Machine setups por soup Special processing General factory DO MH por DH Heured > 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 unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost