A company makes two products - Widgets and Spindles. Data regarding the two products follow: Direct Labor- Hours per Annual Production Unit Widgets Spindles 27,000 units 44,000 units 0.80 0.40 Additional information about the company follows: a. Widgets require $31 in direct materials per unit, and Spindles require $17 b. The direct labor wage rate is $16 per hour. c. Widgets are more complex to manufacture than Spindles and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: Expected Activity Estimated Overhead Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Widgets Spindles 60 Total Cost 18,900 $ 235,000 $ 352,800 75 135 0 4,700 21,600 4,700 17,600 39,200 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Widgets and Spindles using activity-based absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool Activity Cost Pool Activity Rate per setup Machine setups Special processing per MH per DLH General factory Required 1 Required 2 Compute the unit product cost for Widgets and Spindles using activity-based absorption costing. (Do not round intermedia calculations. Round your answers to 2 decimal places.) Widgets Spindles Direct materials Direct labor Manufacturing overhead Unit product cost