A company makes two products - Widgets and Spindles. Data regarding the two products follow. Direct Labor- Hous per Unit 0.80 0.40 Widgets Spindles Annual Production 10,000 units 50,000 units Additional Information about the company follows: a. Widgets require $40 in direct materials per unit, and Spindles require $12 b. The direct labor wage rate is $20 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 Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (Direct labor-hours) Estimated Overhead Cost $ 20.790 $ 220,000 $ 275,200 Widgets Spindles 10584 4.400 0 14,400 20,000 Total 189 4.400 24,400 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 setup Machine setups Special processing General factory per MH per DLH