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: Budgeted Activity Activity Cost Pool Budgeted Cost Product Product Product C Activity 1 $75,000 6,500 9.500 20,500 Activity 2 $50,000 7,500 15,500 8,500 Activity 3 $92,000 3,000 1,500 2,125 Which of the following statements is true regarding this company's activity rates? Multiple Choice The activity rate under the activity-based costing system for Activity 2 is $17.53. The activity rate under the activity-based costing system for Activity 2 is $13.89. The activity rate under the activity-based costing system for Activity 2 is $3.02. O The activity rate under the activity-based costing system for Activity 2 is $1.59. The activity rate under the activity-based costing system for Activity 2 is $2.05