2. Tyler Case, the company's CEO, recently returned from a seminar on activity based costing and instructed Kalagnanam to consider Implementing the new system. As a first step, he instructed her to analyze the overhead costs for 2021 Through her research she was able to derive the following breakdown of the estimated overhead costs for 2021 Activity Activity Amount Activity Measure Volume Foundation laying $.1,830,500 Foundation-laying hours 425,700 Building construction 1,740,000 Construction labour-hours 580,000 Painting 1,892,000 Painting-hours 550,000 Finishing 2,437,500 Finishing hours 750,000 She also documented the following activity on the three jobs during the first quarter of 2021 in addition to the construction labour hours consumed by the three jobs) School Residential Cinema Foundation-laying hours 39,550 38,500 44,250 Painting-hours 49,380 36,120 47,660 Finishing hours 41,460 60,600 94,000 a. Calculate the activity rates for each of the four activities (Round your answers to 2 decimal places.) Answer is complete and correct. Activity Activity Rate Foundation laying 4 30 per FLH Building construction 348 per CLH Painting 3. 440 T PH Finishing 325 per FH b. Calculate the total cost of each job using activity-based costing (Do not round intermediate calculations and round your final answers nearest to whole number.) Answer is complete but not entirely correct. School 474,677 $ Residential 486.752 Cinema 659,725 Total cost $ IS