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: Product C Which of the following statements is true regarding this company's activity rates? The activity rate under the activity-based costing system for Activity 2 is $2.00. The activity rate under the activity-based costing system for Activity 2 is $16.00. The activity rate under the activity-based costing system for Activity 2 is $1.50. The activity rate under the activity-based costing system for Activity 2 is $19.50. The activity rate under the activity-based costing system for Activity 2 is $2.81