Fogetty Company makes two products-Hubs and Sprockets. Data regarding the two products follow, Direct Wu Annual Production 25,000 units 50,000 units 0.40 Additional Information about the company follows a. Hubs require $20 in direct materials per unit, and Sprockets require $16. The direct labor wage rate is $19 per hour Hubs are more complex to manufacture than Sprockets and they require special processing a. The company's activity based absorption costing system has the following activity cost pools Expected Activity Sprockets Total Activity Cast Pool (and activity Measure) Machine stops (number of setups) Special processing machine hours) General factory Circt labur hours) Titud Overhead cost 17,550 184, 120.000 Hub 25 20.000 20.000 4.60 40.000 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 conting Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate Machine setups per setup Special processing per MH General factory per DLH Regu Required 2 > Required 1 Required 2 Compute the unit product cost for Hubs and Sprockets using activity based absorption costing. calculations, Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost Required 1 Retete