Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Hubs Sprockets Direct Labor- Hours per Unit Annual Production 0.60 24,000 units 0.20 47,000 units Additional information about the company follows: a. Hubs require $35 in direct materials per unit, and Sprockets require $20. b. The direct labor wage rate is $12 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. Estimated Activity Overhead Cost Hubs Sprockets Total $ 21,735 115 92 207 $220,500 4,900 0 4,900 $136,600 NA NA NA 2. Determine the unit product cost of each product according to the ABC system.