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. 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 Intern calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost $ 0.00 $ 0.00 210 05 Fogerty Company makes two products-Hubs and Sprockets. Data regarding the two products follow: Hubs Sprockets Direct Labor-Hours per Unit 0.60 0.20 Annual Production 27,000 units 59,000 units Additional information about the company follows: a. Hubs require $33 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $10 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: Expected Activity Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (Direct labor-hours) Estimated Overhead $ 28,080 $ 125,000 $ 308,000 Hubs 130 5,000 16,200 Sprockets 104 0 11,800 Total 234 5,000 28,000 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, Complete this question by entering your answers in the tabs below. 27 STS activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Overhead Cost $ 28,080 $ 125,000 $ 308,000 Hubs 130 5,000 16,200 Sprockets 104 0 11,800 Total 234 5,000 28,000 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. 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 Machine setups Special processing General factory Activity Rate per setup per MH per DLH