A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and cost driver activity for each of the company's three activity cost pools follow. Activity Cost Pools Activity 1 Activity 2 Activity 3 Budgeted cost $123,950 $ 76,950 $ 74,305 Budgeted Activity of Cost Driver Product A Product B Product C 19,400 8,700 5,400 7,700 14,400 6,400 1,475 1,000 2,350 Required: Compute the activity rates for each of the company's three activities. Activity Expected Costs Expected Activity Driver Activity Rate 1 $ 2 2 123,950 76,950 74,305 3