Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Unit 0.50 0.10 Hube Sprockets Annual Production 17,000 units 52,000 units Additional Information about the company follows: a. Hubs require $37 in direct materials per unit, and Sprockets require $11. 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: Expected Activity Activity Cost Pool (and Activity Measure) Machine setupa (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Bstimated Overhead Cost $ 19,800 $ 175,000 $ 123,300 Hubs 100 5,000 8,500 Sprockets 80 0 5,200 Total 180 5,000 13,700 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. Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate per setup Machine setups Special processing General factory per MH per DLH Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost