Need required 1 and 2 completed thanks!

Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Unit Production 0.70 15,000 units 0.30 52,000 units Annual Hubs Sprockets Additional information about the company follows a. Hubs require $32 in direct materials per unit, and Sprockets require $11 b. The direct labor wage rate is $10 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 Activit Estimated Overhead Cost $ 30,240 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Hubs Sprockets Total 252 0 4,900 NA 112 140 $196,000 4,900 NA $228,900 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