A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and cost driver activity for each of the company's three activity cost pools follow. Activity Cost Pools Activity 1 Activity 2 Activity 3 Budgeted cost $ 103,950 $ 60,950 $ 64,605 Budgeted Activity of Cost Driver Product A Product B Product C 18,600 8,300 4,600 7,300 13,600 5,600 1,275 1,000 2,150 Required: Compute the activity rates for each of the company's three activities. Expected Activity Driver Activity Rate Activity Expected Costs 1 $ 103,950 60,950 3 64,605 2 3