activity-based costing system with three activity cost pools- Somani Corporation has an Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, have been allocated to the cost pools already and are provided in the table below. Activity Cost Pools Machining $54,000 300 $54,300 Setting Up $9,000 $27,000 $90,000 2,100 $11.100 $27.600 $93.000 Other Total Equipment depreciation Indirect labor .. Total.. 600 3000 Costs in the Mach ining cost pool are assigned to products based on machine-hours (MHs) assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two and costs in the Setting Up cost pool are products and the company's costs appear below: MHs 4,700 5.300 10.000 Batches 300 Product M8 Product K3 Total 1.700 2,000 Product M8 $220,500 $109,000 $76, 100 Product K3 $318,900 $130,300 $141,200 Sales (total). Direct materials (total). Direct labor (total).. Required: a. Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing c. Determine the product margins for each product using activity-based costing. 6. CR Corporation has the following estimated costs for the next year: Direct materials... Direct labor... Rent on factory building. Sales salaries Depreciation on factory equipment.... Indirect labor.. Production supervisor's salary $000 $20,000 $15,000 $25,000 $8,000 $10,000 $12,000 CR Corporation estimates that 20,000 labor-hours will be worked during the year. If overhead is applied on the basis of direct labor-hours, the overhead rate per hour will be