3. Hugle Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining... $15.200 Setting Up. $44.800 Other S16,000 Costs in the Machining cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following table shows the machine-hours and number of batches associated with each of the company's two products: MHS Batches Product E8 2,000 800 Product V8. 8,000 200 Total 10,000 1.000 Additional data concerning the company's products appears below: Product E8 Product V8 Sales (total) $220,700 $165,500 Direct materials (total) $78,600 $83,100 Direct labor (total). $89,600 $58,000 Required: a. Calculate activity rates for each activity cost pool using activity-based costing.(5 points) b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (8 points)