Check my work mode: This shows what correct or incorrect for the work you have completed so fa Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow, Direct Labor-Hours per Unit 0.80 0.40 Hubs Sprockets Annual Production 10,000 units 40,000 units Additional information about the company follows: a. Hubs require $32 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $15 per hour. C. Hubs are more complex to manufacture than Sprockets and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: Estimated Activity Cost Pool (and Activity Measure) Overhead Cost Machine setups (number of setups) $ 72,000 Special processing (machine-hours) $ 200,000 General factory (Direct labor-hours) $ 816,800 Expected Activity Hubs Sprockets Total 100 300 400 5,000 @ 5,000 8,000 16,000 24,000 Required: 1. Compute the activity rate for each activity cost pool 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. MacBook Air 2. U % Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs $ 32.00 Direct materials Direct labor Manufacturing overhead Unit product cost 15.00 34.00 81.00 Sprockets $ 18.00 15.00 40.00 $ 73.00 $ Required 1 MacBook Air