HW u Soved Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow. Direct Labor Hours per Annual Unit Production 0.80 10,000 units 0.40 40,000 units 20.56 Hubs Sprockets Additional information about the company follows: ences 0. Hubs require $32 in direct materials per unit, and Sprockets require $18. a. The direct labor wage rate is $15 per hour. b. Hubs require special equipment and are more complex to manufacture than Sprockets. C. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Activity Overhead Cost Hubs Sprockets Total $ 72,000 100 300 400 $ 200,000 5,000 0 5,000 $ 816,000 NA NA NA Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (organization-sustaining) Estimated Activity Overhead Cost Hubs Sprockets Total $ 72,000 100 300 400 $ 200,000 5,000 @ 5,000 $ 816,000 NA NA NA 20:29 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. ok Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Rate Activity Cost Pool Machine setups Special processing setup per MH Special processing (machine-hours) General factory (organization-sustaining) $ 200,000 5,000 $ 816,000 NA 5,000 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. Required 1 Required 2 Determine the unit product cost of each product according to the ABC system. (Do not round infermediate calculations. your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost