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 Budgeted Activity Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted CostProduct A Product B Product C 20,800 8,800 2.425 $78,000 $53,000 $98,000 6,800 7,800 3,300 9,800 15,800 1,800 Which of the following statements is true regarding this company's activity rates? The activity rate under the activity-based costing system for Activity 2 is $13.02 The activity rate under the activity-based costing system for Activity 2 is $2.09 O The activity rate under the activity-based costing system for Activity 2 is $1.64 The activity rate under the activity-based costing system for Activity 2 is $3.14 The activity rate under the activity-based costing system for Activity 2 is $16.74