Fogerty Company makes two products-titanium Hubs and Sprockets, Data regarding the two products follow, Direct Labor Hours per Annual Unit Production 3.30 28,000 units 0.4057,000 units Hub Sprockets Additional information about the company follows: a. Hubs require $34 in direct materials per unit and Sprockets require $18. b. The direct labor wage rate is $15 per hour. Hubs require special equipment and are more complex to manufacture than Sprockets d. The ABC system has the following activity cost pools: Activity Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processina (machine hours) General factory (organization-sustainine) Estimated Overhead Cost $ 27,405 $125,000 3432,300 Hubs Sprockets Total 261 3,600 0 3.600 NA MA TA 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, Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct matenals $ 37.00 16.00 Direct labor Overhead Unit cost S 37 00 $ 16.00