Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production 0.80 20,000 units 0.40 44,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $30 in direct materials per unit, and Sprockets require $12. 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: Activity Estimated Overhead Cost $ 15,120 $250,000 $244,800 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Hubs 80 Sprockets Total 64 144 0 5,000 NA NA 5,000 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