Fogerty Company makes two products-titanium Hubs and Sprockets Data regarding the two products follow Direct Lobor Hours per Annual Unit Production 0.90 23,000 units 8.50 47,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $26 in direct materials per unit, and Sprockets require $13 b. The direct labor wage rate is $14 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 Activity Cost Pool Activity Measure) Machine setups (number of setups) Special processing (nachine-hours) General factory (organization sustaining) Estimated Overhead Cost $ 31,050 $100,000 $226,200 Hubs Sprockets Total 150 120 270 4,000 4.000 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 Activity Cost Pool Activity Rate Machines per setup Special processing (por MH Required 2 > Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow Direct Labor Hours per Annual Unit Production 0.90 23,000 units 0.50 47,000 units Hubs Sprockets Additional information about the company follows: a Hubs require $26 in direct materials per unit, and Sprockets require $13. b. The direct labor wage rate is $14 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 Activity Cost Pool (Activity measure) Machine setups (number of setups) Special processing (machine hours) General factory (organization-sustaining) Estimated Overhead Cost $31,050 $100,000 $326,200 Hubs 150 4,000 NA Sprockets Total 120 270 0 4,000 MA MA 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 Regulred 2 Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculation Roond your answers to 2 decimal place Sprockets lohnit motorlato Gured labor Ohood