Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow Direct Labor- Hours per Unit 0.60 nual Production 11,000 units 51,000 units Hubs Sprockets 0.20 Additional information about the company follows: a. Hubs require $30 in direct materials per unit, and Sprockets require $13. 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 Overhead Expected Activity tivity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Cost HubsSprockets Total 243 3,700 218,400 6,600 10,200 16,800 135 $ 74,000 3,700 $ 32,805 108 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