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Compute the activity rate for each activity cost pool. Determine the unit product cost of...

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Accounting

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Compute the activity rate for each activity cost pool. Determine the unit product cost of each product according to the ABC system. Note: Do not round intermediate calculations. Round your answers to 2 decimal places Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Additional information about the company follows: a. Hubs require $34 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $16 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: 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

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