Accounting Munoz Corporation uses ABC to determine product costs for external financial reports. At the beginning of the year, management made the following cost and activity estimates in the company’s five activity cost pools: Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity Labour related Direct labour-hours $ 185,300 27,250 DLHs Purchase orders Number of orders 44,160 690 orders Product testing Number of tests 128,050 1,300 tests Template etching Number of templates 285,610 8,450 templates General factory Machine-hours 616,550 52,250 MHs $ 1,259,670 Required: 1. Compute the activity rate (i.e., predetermined overhead rate) for each of the activity cost pools. (Round your answers to 2 decimal places.) 2. During the year, actual overhead cost and activity were recorded as follows: Activity Cost Pool Actual Overhead Cost Actual Activity Labour related $ 176,040 27,750 DLHs Purchase orders 48,570 680 orders Product testing 130,610 1,290 tests Template etching 279,900 8,300 templates General factory 628,900 50,750 MHs Total overhead cost $