Assignment 2 Section A ComputingABC Product Costs Fogeny Company makes two products. titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labour hour per Annual Production unit Hubs 0.8 10000 units Sprockets 0.4 40000 units Additional information about the company follows: a. Hubs require $32 in direct materials per unit, and Sprockets require $ 1 8. b. The direct labor wage rate is $15 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special equipment. d. The ABC system has the following activity cost pools: Estimated Overhead Activity Cost Pool Activity Measure Cost Hubs Sprockets Machine LONG Hunger of setErs $72.000 100 Socou processing Machine hours $200/000 Direct Boot hours $816,000 1. Compute the activity rate (Le., predetermined overhead rate) for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system