Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $ 67,760.00 $112,500.00 $ 86,730.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 440 37,500 70 Chipman makes 3 models of pumps with the following details: Economy Standard Premium Units produced Number of moves 10,130 145 Machine hours 9,550 21,500 127 21,900 3,545 168 6,050 Production runs 28 15 27 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rate Material Handling Machine Maintenance Setups b. Determine the amount of indirect costs assigned to each of the products. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Models Economy Standard Premium Cost