OBJECTIVE 2 Exercise 7-38 Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 2013 total budgeted overhead costs for these two activities are $675,000 (80% for injection molding and 20% for decal applica- tion). Molding overhead costs are driven by the number of pounds of plastic that are molded to- gether. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 2013 are as follows: Pounds of plastic molded 3,000,000 Number of decals applied 375,000 Required: 1. Calculate the activity rate for the plastic injection molding activity. 2. Calculate the activity rate for the decal application activity