nces Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Hubs Sprockets Unit 0.80 0.40 Annual Production 16,000 units 49,000 units Additional information about the company follows: a. Hubs require $28 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $12 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: Activity Cost Pool (Activity Measure) Estimated Overhead Activity Cost $ 23,085 $ 171,500 $ 228,400 Hubs Sprockets Total 135 108 4,900 0 NA NA 243 4,900 NA Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) 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 Compute the activity rate for each activity cost pool. Activity Cost Pool Machine setups Activity Rate per setup Special processing per MH