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Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow: ...

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Accounting

Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow:

Direct Labor-Hours per Unit Annual Production
Hubs 0.70 16,000 units
Sprockets 0.30 57,000 units

Additional information about the company follows:

  1. Hubs require $38 in direct materials per unit, and Sprockets require $19.

  2. The direct labor wage rate is $11 per hour.

  3. Hubs require special equipment and are more complex to manufacture than Sprockets.

  4. The ABC system has the following activity cost pools:

Estimated Activity
Activity Cost Pool (Activity Measure) Overhead Cost Hubs Sprockets Total
Machine setups (number of setups) $ 19,665 115 92 207
Special processing (machine-hours) $ 97,500 3,900 0 3,900
General factory (organization-sustaining) $ 148,000 NA NA NA

1. Compute the activity rate for each activity cost pool.

2. Determine the unit product cost of each product according to the ABC system.

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