Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Unit Annual Production Hubs 0.50 29,000 units Sprockets 0.10 46,000 units Additional information about the company follows: a. Hubs require $39 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $16 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Required: Estimated Expected Activity Overhead $ Cost 32,760 $ 184,500 Hubs $ 324,700 140 4,100 14,500 Sprockets 112 Total 252 0 4,100 4,600 19,100 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing.