Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production 0.70 29,000 units 0.30 59.000 units Hub Sprockets Additional information about the company follows: a. Hubs require $26 in direct materials per unit, and Sprockets require $17. b. 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 Activity Cout Pool (Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (organization-sustaining) Tatimated Overhead Cont $ 31,320 $100,000 $356,600 Hubs Sprocket Total 145 116 261 4,000 0 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 Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Machine setups Special processing Activity Rate por setup per MH Required 1 Required 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