Required information Use the following information for the Quick Studies below. (Algo) Chan Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of scooters: standard and fast. QS C-5 (Algo) Computing overhead rates using ABC LO P2 Compute the overhead activity rate for each activity assuming the company uses activity-based costing. Note: Round your answers to 2 decimal places. QS C-7 (Algo) Computing activity rates using ABC LO P2 A company sells two types of products: standard and deluxe. It prepares the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools. Compute an activity rate for each cost pool using activity-based costing