Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Unit 0.70 0.30 Hubs Sprockets Annual Production 24,000 units 45,000 units Additional Information about the company follows: a. Hubs require $23 in direct materials per unit, and Sprockets require $17. b. The direct labor wage rate is $12 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 Espected Activity Overhead Activity Cost Pool (and Activity Measure) Coat Sprockets Total Machine setups (wumber of setups) $ 29,250 125 Special processing machine-hours) $ 132,000 General factory Direct labor-hours) $ 515,100 16,800 13,500 30,300 100 Required: 1. Compute the activity rate for each activity cost pool Prey 1 of 3 !!! Next > MacBook Air BER A & 7 0 9 8 % 5 $ 4 # 3 6 2 T . Y R W E K G H F S D B NM v C Z Help 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Machine setups Special processing General factory Activity Rate per setup per MH per DLH Required 2) MacBook Air SO & 7 9 0 8 $ 4 % 5 # 3 6 2 Y C T R W E H K G F S D M N B V B X 1 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. nd Complete this question by entering your answers in the tabs below. ok an Required 1 Required 2 Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost (Required 1 Prey 1 of 3 Next > MK Gew Hall MacBook Air 8 7 $ 4 % 5 9 B 3 0 Y U T R W E K j . G F D S 4. N M V B C Z command