A company has two products: Cakes and Cookies. It uses activity-based costing and has prepared the following analysis showing budgeted costs and activities. Use this information to compute (a) the company's overhead rates for each of the three activities and (b) the amount of overhead allocated to Cakes. Activity Cost Pool Budgeted Overhead Cost Product: Cakes Product: Cookies Total 700 800 1,500 $60,000 $75,000 $90,000 1,500 1,500 Activity 1 Activity 2 Activity 3 Total Budgeted overhead 3,000 900 900 1,800 $225,000 Overhead rate for Activity 1 is $ Overhead rate for Activity 2 is $ Overhead rate for Activity 3 is $ Total overhead allocated to Cakes based on activity-based costing is $