Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Hubs Sprockets Unit 0.70 0.30 Annual Production 25,000 units 59,000 units Additional information about the company follows a. Hubs require $25 in direct materials per unit, and Sprockets require $13. b. The direct labor wage rate is $20 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) General factory (organization-sustaining) Required: 1. Compute the activity rate for each activity cost pool. Cost $18,720 Estimated Overhead Hubs 80 Activity Sprockets 64 Total 3,700 NA NA 144 3,700 MA $ 129,500 $ 353,800 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 11 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Machine setups Special processing Activity Rate per setup per MH Hubs Sprockets 0.70 0.30 25,000 units 59,000 units Additional information about the company follows: a. Hubs require $25 in direct materials per unit, and Sprockets require $13. b. The direct labor wage rate is $20 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) General factory (organization-sustaining) Required: Estimated Overhead Cost Hubs Activity Sprockets Total $ 18,720 80 64 144. $ 129,500 3,700 $ 353,800 NA NA 3,700 NA 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 11 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.) Direct materials Direct labor Overhead Unit cost Hubs Sprockets < Required 1 Required 75