Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor Hours per Unit 0.80 0.40 Hubs Sprockets Annual Production 25,000 units 49,000 units Additional information about the company follows: a. Hubs require $21 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $13 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 Overhead Cost $ 31,590 $157,500 $392,489 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Sprockets 194 Hubs 130 4,500 NA Total 234 4,500 NA 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. Required 1 Required 1 required Required 2 OL Compute the activity rate for each 0 C d d Activity Cost Pool Activity Rate per Machine setups setup Special processing per MH Required 1 Required 2 Determine the unit product cost of each pr your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost