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Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production 0.90 19,000 units 0.50 45,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $37 in direct materials per unit, and Sprockets require $20. b. The direct labor wage rate is $11 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 Estimated Overhead Cost $ 19,665 $ 95,000 $399,600 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (organization-sustaining) Sprockets Total 92 207 Hubs 115 3,800 NA 3,800 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. 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. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 $ 52.78 X $ 42.22 X Direct materials Direct labor Overhead 25.00 X 0.00 X Unit cost $ 77.78 $ 42.22

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