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 Activity 1 Activity 2 Budgeted Cost $ 70,000 Activity Cost Driver Square feet Product A Budgeted Activity Product B Product C 6,000 9,000 20,000 $ 45,000 Activity 3 $82,000 Units inspected Setups 7,000 15,000 8,000 2,500 1,000 1,625 What are the activity rates for the three activities under activity-based costing? Multiple Choice O (1) $2.00 per square foot (2) $3.00 per unit (3) $3.50 per setup O (1) $3.50 per square foot (2) $1.50 per unit, (3) $32.80 per setup. (1) $3.50 per square foot, (2) $3.00 per unit: (3) $16.00 per setup (1) $2.00 per square foot (2) $150 per unit (3) $16.00 per setup ($2.00 per square foot (2) 5150 per unit. (3) $32.80 per setup