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I need help with the Required questions 1 & 2 Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct

I need help with the Required questions 1 & 2

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Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production Hubs 0.60 17,000 units Sprockets 0.20 47,000 units Additional information about the company follows: a. Hubs require $29 in direct materials per unit, and Sprockets require $11. 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: Estimated Activity Overhead Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Machine setups (number of setups) $ 19,800 100 80 180 Special processing (machine-hours) $ 195,000 3,900 0 3,900 General factory (organization-sustaining) $ 85,400 NA 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

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