Chec Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin, Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Total Activity Activity Coat Cont Driver Standard Extra Virgin Washing, Prosning . Filtering (WPT) 5 1,929,950 Washing, Pressing, and Filtering hours 48,800 hours 110,700 hours Bottling $ 1,267,500 Number of bottles 338,000 bottles 84,500 bottles Additional information about each grade of olive oil is as follows: Sook Sales Revenue $5,195,000 Direct Materials Conta $ 900,000 Grade Standard Extra Virgin Hint Direct Labor Coats $ 375,000 $3,050,000 $ 600,000 $ 150,000 Print ferences Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Calculate the activity rate for each cost pool. (Round your answers to 2 decimal plates.) Activity Cost Pool Washing. Pressing & Filtering (WPF) per hour Borting per bottle ME