Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours Hubs Sprockets per Unit 0.50 0.10 Annual Production 28,000 units 48,000 units Additional information about the company follows: a. Hubs require $24 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: Estimated Overhead Activity Cost Pool (Activity Measure) Cost Hubs Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) $ 35,235 145 Activity Sprockets 116 Total $ 135,000 4,500 0 $ 42,800 NA NA 261 4,500 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.