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 Activity 3 Budgeted Cost Activity Cost Driver $ 70,000 Square feet $ 45,000 Units inspected $ 82,000 Setups Budgeted Activity Product A Product B Product c 6,000 9,000 20,000 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 (1) $2.00 per square foot; (2) $3.00 per unit; (3) $3.50 per setup. (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) $1.50 per unit; (3) $16.00 per setup (1) $2.00 per square foot: (2) $1.50 per unit: (3) $32.80 per setup. 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 activities are shown in the following table: Activity Activity 1 Activity 2 Activity 3 Budgeted Cost Activity Cost Driver $ 70,000 Square feet $ 45,000 Units inspected $ 82,000 Setups Budgeted Activity Product A Product B Product c 6,000 9,000 20,000 7,000 15,000 8,000 2,500 1,000 1,625 How much overhead will be assigned to Product B using activity-based costing? Multiple Choice O o $56,500 $78.000 $62,500 d o o o $197,000 $70,000