Narayan Corporation has an activity-based costing system with three activity cost depreciation and indirect labor, have been allocated to the cost pools already and are provided in the table below Setting Up, and Other. The company's overhead costs, which consist of equipment Cost Pools Machining Setting Up Other Total Equipment Indirect labor Total S27.200 2.500 S6,800 S34.000 S68,000 1.000 -L500-5,000 $7,800 S35500 73,000 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs appear below MHs Batches 400 Product Q2 5.600 1.600 10,000 2.000 Product Z9. 4,400 Total Product Z9 S137,900 S59,700 57,500 Product Q2 S173,300 $43,400 $96,000 Sale(t) Direct materials (total) Direct labor (total) Required a Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing c. Determine the product margins for each product using activity-based costing Show transcribed image text Expert