Chan Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts fast and standard Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs Expected Activity $625, 000 900,000 105,000 175,000 300,000 75,000 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Compute the overhead activity rate for each activity, assuming the company uses activity-based costing. (Round your answers to 2 decimal places.) Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring factory Designing packaging Expected Costs Expected ActivityActivity Rate 625,000100,000 parts 900,000 105,000 175,000 300,00040,000 square feet 1,500 batches 700 orders 500 invoices 75,000 2 models 2,180,000