Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours Hubs Sprockets per Unit 0.70 0.30 Annual Production 25,000 units 44,000 units Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $18 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 Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) Estimated Overhead Cost $ 18,810 $132,000 Hubs 95 Activity Sprockets 76 Total 171 4,400 0 4,400 $ 215,500 NA NA NA General factory (organization-sustaining) 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 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 Direct materials Direct labor Overhead Unit cost Sprockets