A company has the following information for activity-based costing: Total Activity cost Activity Fabricating parts Assembling $1,029,950 Cost Driver Number of parts Machine hours Product 48,800 parts 338,000machine hours Product 110,700 parts 14,500 machine hours $1,267,500 Additional information on the products: Direct Direct Sales Materials Labor Products Revenue Costs Costs Product A $5,195,000 $900,00 $375,000 Products $3,050,000 $600,000 $150,000 Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the activity rates. (Round your answers to 2 decimal places.) Activity Fabricating parts Assembling Cost Pool per part per machine hour Required 2 > Required 1 Required 2 Required 3 Required 4 Calculate the applied overhead to each product. (Round activity rates to 2 decimal places.) Product A Overhead Activity for Product A assigned to Product A Product B Overhead Activity for Product B assigned to Product B Activity Activity Rate Fabricating parts Assembling Total $ 0 $ Required 1 Required 2 Required 3 Required 4 Determine total manufacturing cost for each product. Product A Product B Direct Materials Direct Labor ABC Overhead Total manufacturing costs 0 S 0 Required 1 Required 2 Required 3 Required 4 What is the gross profit for each product? Product A Product B Revenue Cost of goods sold Gross Profit GA 0 $ 0