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 $ 90,000 8,000 11,000 22,000 $ 65,000 9,000 17,000 10,000 $122,000 4,500 3,000 3,625 Which of the following statements is true regarding this company's activity rates? O O The activity rate under the activity-based costing system for Activity 2 is $1.81. O The activity rate under the activity-based costing system for Activity 2 is $10.97. The activity rate under the activity-based costing system for Activity 2 is $3.62. The activity rate under the activity-based costing system for Activity 2 is $14.97 The activity rate under the activity-based costing system for Activity 2 is $2.20