ABC Company uses activity based costing. the accounant identitifed two activities

ABC Company uses activity-based costing. The Accountant identified two activities and their budgeted costs: Setting up equipment 67,500 Other overhead 135,000 Setting up equipment is based on setup hours, and other overhead is based on oven hours. ABC Company produces two products: muffin and cookies. Information on each product is as follows: Muffin Cookies Units produced 2,500 12,500 Setup hours 900 225 Oven hours 225 1,125 Required: Compute the activity rate for the two activities. Setting up Equipment Other Overhead Compute the total overhead assigned to Muffin using ABC. Compute the total overhead assigned to Cookies using ABC. Compute the plantwide overhead rate, based on oven hours. Compute the total overhead assigned to Muffin using the plantwide overhead rate