Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow Direct Labor- Hours per Unit 0.80 0.40 Hubs Annual Production 22,000 units 48,000 units Sprockets Additional information about the company follows: a. Hubs require $31 in direct materials per unit, and Sprockets require $16. 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 Cost $ 20,700 $ 82,000 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing machine-hours) Hubs Sprockets 80 100 4,100 Total 180 4,100 Prev 7 of 7 a. Hubs require $31 in direct materials per unit, and Sprockets require $16. 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 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (organization-sustaining) Estimated Overhead Cost $ 20,700 $82,000 $ 267,200 Hubs 100 4,100 NA Sprockets Total BO 180 4,100 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. Complete this question by entering your answers in the tabs below