Please do not give solution in image format thanku Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow:Direct Labor-Hours perUnit0.600.20Annual Production12,000 units56,000 unitsHubsSprocketsAdditional Information about the company follows:a. Hubs require $30 in direct materials per unit, and Sprockets require $18.b. The direct labor wage rate is $12 per hour.c. Hubs require special equipment and are more complex to manufacture than Sprockets.d. The ABC system has the following activity cost pools:Activity Cost Pool (Activity Measure)Machine setups (number of setups)Special processing (machine-hours)General factory (organization-sustaining)Estimated OverheadCost$ 23,490$ 160,000$164,000Hubs1454,000NAActivitySprockets116NATotal2614,000NA Required:1. Compute the activity rate for each activity cost pool.2. Determine the unit product cost of each product according to the ABC system.Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute the activity rate for each activity cost pool.Activity Cost PoolMachine setupsSpecial processingRequired:1. Compute the activity rate for each activity cost pool.2. Determine the unit product cost of each product according to the ABC system.Required 1 Required 2Complete this question by entering your answers in the tabs below.Direct materialsDirect laborOverheadUnit cost$Activity Rateper setupper MHHubsSprockets< Required 1Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Roundyour answers to 2 decimal places.)0.00 $0.00< Required 1Required 2 >Required 2 >300-900///

Activity Rate :— It is the rate used to allocate manufacturing overhead cost under activity based…

Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit 0.60 0.20 Annual Production 12,000 units 56,000 units Hubs Sprockets Additional Information about the company follows: a. Hubs require $30 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $12 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Overhead Cost $ 23,490 $ 160,000 $164,000 Hubs 145 4,000 NA Activity Sprockets 116 NA Total 261 4,000 NA