Fogerty Company makes two products-titanium Hubs and Sprockets Data regarding the two products follow Direct Labor- Hours per Annual Unit Production 0.80 13.000 units 0.40 50,000 units Hubs Sprockets Additional information about the company follows: O. Hubs require $24 in direct materials per unit, and Sprockets require $17 a. The direct labor wage rate is $17 per hour b. Hubs require special equipment and are more complex to manufacture than Sprockets. c. The ABC system has the following activity cost pools Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Activity Overhead Cost Hubs Sprockets Total $ 21,375 95 76 171 $ 168,000 4,200 4,200 $ 250,400 NA 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Additional information about the company follows: points 0. Hubs require $24 in direct materials per unit, and Sprockets require $17 a. The direct labor wage rate is $17 per hour. b. Hubs require special equipment and are more complex to manufacture than Sprockets c. The ABC system has the following activity cost pools: eBook Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Activity Overhead Cost Hubs Sprockets Total $ 21,375 95 76 171 $ 168,000 4,200 @ 4,200 $ 250,400. NA NA NA References 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 Complete this question by entering your answers in the tabs below. Required 1 Required Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate Machine setups setup Special processing per MH Required 2 > Additional information about the company follows: points 0. Hubs require $24 in direct materials per unit, and Sprockets require $17. a. The direct labor wage rate is $17 per hour. b. Hubs require special equipment and are more complex to manufacture than Sprockets. c. The ABC system has the following activity cost pools: eBook Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Activity Overhead Cost Hubs Sprockets Total $ 21,375 95 76 171 $ 168,000 4,200 4,200 $ 250,400 NA NA NA References VA Required: 1. Compute the activity rate for each activity 2. Determine the unit product cost of each product 82 80 3 8 ding to the ABC system O Complete this question by entering your answers tabs below. Required 1 Required 2 Determine the unit product cost of each product according your answers to 2 decimal places.) system. (Do not round intermediate calculations. Round Hubs Sprockets Direct materials Direct labor Overhead Unit cost