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 Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost $ 85,000 $ 60,000 $112,000 Budgeted Activity Product A Product B Product C 7,500 10,500 21,500 8,500 16,500 9,500 4,000 2,500 3,125 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 $215 The activity rate under the activity-based costing system for Activity 2 is $1164 The activity rate under the activity-based costing system for Activity 2 is $2.15. The activity rate under the activity-based costing system for Activity 2 is $11.64. The activity rate under the activity-based costing system for Activity 2 is $1.74. The activity rate under the activity-based costing system for Activity 2 is $15.53. The activity rate under the activity-based costing system for Activity 2 is $3.42