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 Activity Budgeted Cost Product A Product B Product C $72,000 6,200 9,200 20,200 $47,000 7,200 15,200 8, 2ee $86,000 2,700 1,200 1,825 Which of the following statements is true regarding this company's activity rates? 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 $18.58. The activity rate under the activity-based costing system for Activity 2 is $1.54. The activity rate under the activity-based costing system for Activity 2 is $2.89. The activity rate under the activity-based costing system for Activity 2 is $2.02. The activity rate under the activity-based costing system for Activity 2 is $15.02