Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow

Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production 0.60 17,000 units 0.20 49,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $40 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $20 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Estimated ead Cost $ 25,875 $120,000 $186,600 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Hubs 125 Sprockets Total 100 225 0 4,000 NA NA 4,000 NA Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system