Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Unit 0.70 0.30 Hubs Sprockets Annual Production 25,000 units 52,000 units Additional information about the company follows: a. Hubs require $32 in direct materials per unit, and Sprockets require $14. b. The direct labor wage rate is $19 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special processing. d. The company's activity based absorption costing system has the following activity cost pools: Estimated Expected Activity Activity Cost Pool (and Activity Measure) Overhead Cost Sprockets Total Machine setups (number of setups) 25,740 130 194 234 Special processing (machine-hours) $ 161,000 4,600 4,600 General factory (Direct labor-hours) $ 628,900 17,500 15,600 33, 100 Hubs $ Required: 1. Compute the activity rate for each activity cost pool, 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. Special processing machine-hours) General factory (Direct labor-hours) $ 161,000 $ 628,900 4,600 17,500 15,600 4,600 33,100 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. 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 Machine setups Special processing General factory Activity Rate per setup per MH per DLH Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round in calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost