Acton Company has two products: A and B. The annual production and sales of Product A is 800 units and of Product B is 500 units. The company has traditionally used direct labour hours as the basis for applying all manufacturing overhead to products. Product A requires 0.3 direct labour hours per unit, and Product B requires 0.2 direct labour hours per unit. The total estimated overhead for next period is $92,023. The company is considering switching to an activity-based costing system for the purpose of computing unit product costs for external reports. The new activity-based costing system would have three overhead activity cost pools-Activity 1, Activity 2, and General Factory-with estimated overhead costs and expected activity as follows: Activity Cost Pool Activity 1 Estimated Overhead Cost $14,487 Product A Expected Activity Product B Total 500 6000 1,100 Activity 2 64,800 2,500 500 General Factory Total 12,736 240 100 3,000 340 $92,023 (Note: The General Factory activity cost pool's costs are allocated on the basis of direct labour hours.) The predetermined overhead rate (i.e., activity rate) for Activity 1 under the activity-based costing system is closest to which of the following? Multiple Choice $13.17 $24.15 $28.97 $83.66