Assume a company's activity-based costing system includes three activities. The following information is available with respect to those activities: Activity Cost Pool Testing $ 132,000 Setups $ 110,000 Estimated Overhead Cost Expected Activity 100,000 testing minutes 2,200 setup hours Molding $ 220,000 10,000 machine hours What is the activity rate for the Testing activity? Multiple Choice $1.32 per testing minute $13.20 per testing minute $0.13 per testing minute $1.13 per testing minute