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 Rates $6 per direct labor-houn $4 per machine-hour $50 per setup $90 per order $14 per shipment $840 per product Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipment:s Product sustaining Activity data have been supplied for the following two products Total Expected Activit M67 2, 000 500 K425 Number of units produced per year Direct labor-hours 200 80 Machine-hours 100 1, 500 Machine setups Production orders Shipment:s Product sustaining 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 Total overhead cost Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours Arnual per UnitProduction 0.80 10, 000 units 0.40 40, 000 units Hubs Sprockets Additional information about the company follows 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 Activi Estimated Overhe ad Cost Activity Cost Pool (Activity Measure) Machine setups inmber of setups) Hubs Sprockets Total 300 $72, 000 100 400 Special processing (machine-hours) General factory (organization-sustaining) 200, 000 5, 000 0 5, 000 $816, 000 NA NA NA Required 1. Compute the activity rate for each activity cost pool 2. Determine the unit product cost of each product according to the ABC system Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets 18.00 Direct materials 32.00$ 12.00 Direct labor 6.00 Overhead $44.00 24.00 Unit cost