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!!!!!!!!!! PLEASE ANSWER ALL QUESTIONS!!!!!!!!!!!!! Fogerty Company makes two products-titanium Hubs and Sprockets....

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Accounting

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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 0.70 20,000 units 0.30 60,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $21 in direct materials per unit, and Sprockets require $13. 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 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Overhead Cost $ 27,000 $180,000 $ 158,000 Hubs Sprockets Total 120 96 216 4,500 0 4,500 NA 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

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