LOUI Hours per Unit 8.70 0.30 Hubs Sprockets Annual Production 28,000 units 56,000 units Additional information about the company follows: a. Hubs require $21 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $10 per hour. C. Hubs are more complex to manufacture than Sprockets and they require special processing d. The company's activity-based absorption costing system has the following activity cost pools: Estimated Expected Activity Activity Cost Pool (and Activity Measure) Overhead Cost Hubs Sprockets Total Machine setups (number of setups) $ 30, 240 140 252 Special processing (machine-hours) $ 264,000 4,800 4,800 General factory (Direct labor-hours) $ 291,200 19,680 16,800 36,400 112 @ 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 costing. 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 Cost Pool Activity Rate Machine setups per setup Special processing General factory per MH per DLH Compute the unit product cost for Hubs and Sprockets usir, activity-based absorption costing. (Do not round Intermediate calculations, Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost