Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours Annual Production 13,e00 units 47,000 units per Unit e.70 e.30 Hubs Sprockets Additional information about the company follows: a. Hubs require $29 in direct matelals per unit, and Sprockets require $16. b. The direct labor wage rate is $14 per hor. 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: Expected Activity Sprockets Estimated Overhead Cost %24 Total 243 Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Hubs 24,300 $ 184, e00 $ 301,600 135 108 4,600 9,100 4,600 23,200 14,100 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 ok at Compute the activity rate for each activity cost pool. nces Activity Cost Pool Machine setups Special processing General factory Activity Rate per setup per MH per DLH Required 1 Required 2 > 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 2 Required 1 Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate icalculations. Round your answers to 2 decimal places.) ....... *...b...............- Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost