Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Direct Labor-Hours Hubs 0.50 per Unit 29, 000 units Annual Production Hubs 0.50 29,000 units Sprockets 0. 10 45, 000 units Sprockets 0. 10 45,000 units Additional information about the company follows: Additional information about the company follows: a. Hubs require $39 in direct materials per unit, and Sprockets require $11. a. Hubs require $39 in direct materials per unit, and Sprockets require $11. b. The direct labor wage rate is $10 per hour. b. The direct labor wage rate is $10 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: d. The ABC system has the following activity cost pools: Estimated Overhead Activity Estimated Overhead Activity Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Machine setups (number of setups) $ 21, 780 110 88 198 Machine setups (number of setups) $ 21, 780 110 88 198 Special processing (machine-hours) $ 198, 000 4, 400 0 4, 400 Special processing (machine-hours) $ 198, 000 4, 400 0 4, 400 General factory (organization-sustaining) $ 55, 000 NA NA NA General factory (organization-sustaining) $ 55, 000 NA NA NA Required: Required: 1. Compute the activity rate for each activity cost pool. 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. 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. Complete this question by entering your answers in the tabs below. Required Required 2 Required 1 Required 2 Compute the activity rate for each activity cost pool. Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round Activity Cost Pool Activity Rate your answers to 2 decimal places.) Machine setups per setup Hubs Sprockets Special processing per MH Direct materials Required 1 Required 2 Direct labor Overhead Unit cost