Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow, Direct Laborers per Unit Annual Production Hubs 0,30 10,000 units Sprockets 40,000 units Additional information about the company follows: a. Hubs require $32 in direct materials per unit and Sprockets require $18. The direct labor wage rate is $15 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 Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (eachine-hours) General factory (organisation-sustaining) Estimated Overhead Cost $ 72,000 $ 200,000 $ 516,000 Activity Sprockets 380 Hubs 100 5,000 MA Total 100 5,000 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