Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rate Material Handling $ 157.50 Material Maintenance / $ 2.00 Setups $ 1,245.00 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.) Cost Models Economy Standard Premium Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance Setups Cost $74,025.00 $73,600.00 $78,435.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 470 36,800 63 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Machine hours Production runs Economy 10,180 174 9,750 Standard 21,900 129 22,000 14 Premium 3,550 167 5,050 24 25