Fogerty Company makes two products--titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production Hubs 0.7 0 1 2,000 units Sprockets 0.3 0 4 7.0 0 0 units Additional information about the company follows: a. Hubs require $26 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $18 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 Sprockets Total $ 108 2 4 3 Estimated Activity Cost Pool (Activity Measure) Overhead Cost Hubs Machine setups 25,5 1 5 1 3 5 (number of setups) Special processing $ 2 2 5,000 4.5 0 0 (machine hours) General factory $ 1 3 5.3 0 0 NA (organization- sustaining) O 4, 5 0 0 NA 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. 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 Compute the activity rate for each activity cost pool. Activity Cost Activity Pool Rate Machine per setups setup Special per processing MH 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. Complete this question by entering your answers in the tabs below. S Required 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 Sprocket Direct materials Direct labor Overhead Unit cost