Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Rubs Sprockets Direct Labor-Hours per Unit 0.80 0.40 Annual Production 10,000 units 40,000 units Additional information about the company follows: a. Hubs require $32 In direct materials per unit, and Sprockets require $18. 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 Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) Estimated Overhead Cost Hubn $ 72,000 $200,000 100 Activity Sprockets 300 5,000 0 $ 816,000 NA NA Total 400 5,000 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. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Machine setups Special processing Activity Rate per setup per MH 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.) Required 1 Required 2 Hubs Direct materials Direct labor Overhead Unit cost S Sprockets 0.00 $ 0.00