QuestionsAnswers$1.$ Which Cost Pool is approximately $22$ percent of the total budgeted costs?Setup activity$2.$ What percentage of the total budgeted costs does Machining take up$?($Round to the nearest whole number$)67\%3.$ What is the percentage of the total budgeted costs taken up by the smallest Cost Pool? $($Round to the nearest whole number$)3\%4.$ Which Cost Pool has $1\mathrm{.}25$ percent slack?Packing and shipping$5.$ Which Cost Pool has the highest percent slack?Purchase ordering$6.$ In the Inspection Cost Pool, what is the amount of difference between budgeted costs and the budgeted activity for both products?$7.$ In how many cost pools is the S$-101$ MO greater than the C$-110$ MO$?8.$ In which Cost Pools is C$-110\text{'}$s manufacturing overhead greater than S$-101?9.$ What is the difference in manufacturing overhead for S$-101$ and C$-110$ in the Setup activity cost pool?