Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Hubs 6.56 22, 666 units Sprockets B . 18 50, 889 units Additional information about the company follows: a. Hubs require $37 in direct materials per unit, and Sprockets require $13. b. "he direct labor wage rate is $11 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 ActivitI Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Machine setups (number of setups) $ 25,5?5 125 168 225 Special processing (machinehours) $ 122,596 4,930 8 4,900 General factory (organizationsustaining] $ 71,096 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 min below. Required 1 Required 2 Compute the activity late for each activity oost pool. Machine setups - per setup Special processing - per MH Required 2 > Unit Annual Production Hubs 6.56 2?.J 686 units Sprockets 6.16 56J 886 units Additional information about the company follows: a. Hubs require $37 in direct materials per unit, and Sprockets require $13. 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: Estimated Overhead Activity Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Machine setups (number of setups) $ 25,8?5 125 196 225 Special processing (machinehours) $ 122,599 4,968 9 4,900 General factory (organizationsustaining] $ ?1,099 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 Determine the unit product cost of each product aocording to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Direct materials Direct la bor Unit cost