23 0138 points eBook Print References Exercise 7-13 (Algo) Computing ABC Product Costs [LO73, LO7-4] Fogerty Company makes two productstitanium Hubs and Sprockets Data regarding the two products follow: Direct Labo rHours per Unit Annual Production Hubs 0.70 14,000 units Sprockets 0.30 58,000 units Additional information about the company follows: a. Hubs require $29 in direct materials per unit, and Sprockets require $19. 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: Estimated Overhead Activity Activity Cost Pool (Activity Measure) Cost Hubs Sprockets Total Machine setups (number of setups) $ 17,100 100 80 180 Special. processing (machinehours) $ 214,500 3,900 0 3,900 General factory (organizationsustaining) $ 183,800 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. Complete this question by entering your answers in the tabs below. 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 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.) . . $ $ 406 000 00 1 102 000.00 107,300.00 191,400.00 9,500.00 7,600.00 . $ $ \"n" St 523,300.00 1,301,000.00