Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours Hubs Sprockets per Unit 0.70 0.30 Annual Production 20,000 units 48,000 units Additional information about the company follows: a. Hubs require $24 in direct materials per unit, and Sprockets require $17. b. The direct labor wage rate is $11 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 Overhead Activity Hubs Sprockets Total 125 100 4,000 0 NA 225 4,000 NA Cost $27,000 $ 200,000 $ 302,000 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.