Fogerty lCompany makes two productstitanium Hubs and Sprockets. Data regarding the two products follow: Direct LaborHours per Unit Annual Production Hubs 3.56 22, 883 units Sprockets 6.26 59,886 units Additional information about the company follows: a. Hubs require $34 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $1? 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: Estimated Overhead Activity Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Hachine setups (number of setups} $- 24, 5T3 130 134 234 Special processing (machinehours) $ 233,933 4,686 8 4,680 General factory (organizationsustaining] $ 1?8,4BE| NA MA MA 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 1 Required 2 Compute the activity rate for each activity east peel. Machine setups - Special processing -m Required 2 ) Complete this question by entering your answers in the tabs below. Required 1 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 Sprockets Direct materials Direct labor Overhead Unit cost 0.00 $ 0.00