Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow: Direct LaborHours per Unit Annual Production Hubs 8.58 15,888 units Sprockets 8.26 59J888 units Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $13. b. "he direct labor wage rate is $15 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. "he ABC system has the following activity cost pools: Estimated Overhead .lirctivityr Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Machine setups (number of setups) $ 24,848 128 95 216 Special processing (machinehours) $ 198,688 3,688 8 3,660 General 'Facto-r'gir (organizationsustaining] $ 138,888 NA NA NA Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Complete this question by entering your answers in the labs below. Required 1 Required 2 Compute the activity rate for each activity oost pool. Special processing - Required 2 > Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow: Direct LaborHours per Unit Annual Production Hubs 8.68 15J888 units Sprockets 8.26 59J888 units Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $13. b. The direct labor wage rate is $15 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: Estimated Overhead ActivitI Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Machine setups (number of setups) $ 24,848 128 95 215 Special processing (machinehours) $ 198,688 3,588 8 3,686 General factory (organization-sustaining] $ 138,888 NA NA NA Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Complete this question by entering your answers in the labs below. Required 1 Required 2 -- Unil cost