Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Unit 0.80 0.40 Annual Production 10,000 units 40,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $32 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $15 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: Estimated Activity Cost Pool (and Activity Measure) Overhead Cost Machine setups (number of setups) $ 72,000 Special processing (machine-hours) $ 200,000 General factory (Direct labor-hours) $ 816,000 Expected Activity Hubs Sprockets Total 100 300 400 5,000 0 5,000 8,000 16,000 24,000 Required: 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