Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours Annual per Unit Production 28,000 units 0.50 52,000 units Hubs 0.90 Sprockets Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $11. 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 Estimated Overhead Activity Cost Pool (Activity Measure) Machine setups (number of setups) Hubs Cost Sprockets Total 18,000 100 80 180 $126,000 $363,200 Special processing (machine-hours) 3,600 3,600 General factory (organization-sustaining) NA 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