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 Budgeted Cost Product A Product B Product C Activity 1 Activity 2 Activity 3 $70,000 6,000 9,000 20,000 $45,000 $82,000 7,000 15,000 1,000 8,000 2,500 1,625 What are the activity rates for the three activities under activity-based costing? Multiple Choice (1) $2.00; (2) $1.50; (3) $16.00. (1) $3.50; (2) $1.50; (3) $32,80. (1) $3.50; (2) $3.00; (3) $16.00. (1) $2.00; (2) $1.50; (3) $32.80. (1) $2.00; (2) $3.00; (3) $3.50. 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 Cost $70,000 Product A Product B Product c 9,000 6,000 20,000 $45,000 7,000 15,000 8,000 $82,000 2,500 1,000 1,625 How much overhead will be assigned to Product B using activity-based costing? Multiple Choice $197,000 $78,000 $70,000 $62,500 $56,500