Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours Annual per Unit Production Hubs 23,000 units 0.30 50,000 units 0.70 Sprockets Additional information about the company follows: a. Hubs require $21 in direct materials per unit, and Sprockets require $15 b. The direct labor wage rate is $17 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 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Hubs Sprockets Total Cost 31,590 135 108 243 Special processing (machine-hours) $102,500 4,100 4,100 General factory (organization -sustaining) $181,100 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 Rate per setup per MH Activity Cost Pool Machine setups Special processing Required 2 Required 1 Required 1 Required 2 Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost