Chipman Inc. produces water pumps. Overhead costs have been identied as follows: Activity Pool Cost Material handling $74,025.00 Material maintenance $73,600.00 Setups $78,435.00 ' Activity Driver Activity Number of moves 470 Number of machine hours 36,800 Number of production runs 63 [ Chipman makes 3 models of pumps with the following details: Economy Standard Premium Units produced 10,180 21,900 3,550 Number of moves 174 129 167 Machine hours 9,750 22,000 5,050 Production runs 24 14 25 l Requlred: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Material Handling Material Maintenance b. Determine the amount of indirect costs assigned to each of the products. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Premium