Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting di rect labor Machine processing Machine setups Activity Rates $ 6 per direct labor-hour 4 per machine-hour $ 50 per setup $ 90 per order 14 per shipment 840 per product Production orders Shipments Product sustain ing Activity data have been supplied for the following two products: Total Expected Activity 67 2,000 500 1,500 K425 Number of units produced per year Direct labor-hours Machine-hours 200 t 80 100 Machine setups Production orders Shipments Product sustaining 1 1 4 4 nces 10 1 1 1 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? K425 Activity Cost Pool M67 Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Rours Annual per Unit 0.80 10,000 units 0.40 40,000 units Production Bubs Sprockets ok Additional information about the company follows: nt a. Hubs require $32 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $15 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: mces Estimated Overhead Activity Activity Cost Pool (Activity Measure) Machine setups (number of setupa) Cost Hubs Sprockets Total 72,000 100 300 400 Special processing (machine-hours) General factory (organization- sustaining) $200,000 5,000 0 5,000 $816,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2