Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Hubsi Sprockets Direct Labor- Hours per Annual Unit Production 0.80 15,000 units 0.40 54,000 units Additional information about the company follows: a. Hubs require $35 in direct materials per unit, and Sprockets require $10. 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 Activity Overhead Cost Hubs Sprockets Total $ 16,560 80 64 $288,000 4,800 0 144 4,800 $206,400 NA NA 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.