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 15,000 units 53,000 units Additional information about the company follows: a. Hubs require $29 in direct materials per unit, and Sprockets require $13. b. The direct labor wage rate is $14 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 Cost Activity Hubs $ 26,460 105 Sprockets 84 Total 189 $ 192,500 3,500 0 3,500 $ 137,700 NA NA NA 2. Determine the unit product cost of each product according to the ABC system.