A company uses activity based costing to determine the costs of its three products: A, B. and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Activity Budgeted Cost Product A Product B Product C $ 80,000 7,000 10,000 21,000 $ 55,00 8,000 16,000 9,000 $102,000 3,500 2,000 2,625 Which of the following statements true regarding this company's activity rates? Multiple Choice The activity rate under the activity-based costing system for Activity 2 is $2.11. The activity rate under the activity-based costing system for Activity 2 is $12.55. The activity rate under the activity-based costing system for Activity 2 is 51.67. The activity rate under the activity based costing systern for Activity 2 is $16.33. O O The activity rate under the activity-based costing system for Activity 2 is $3.22