Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Cost Material handling S 66,555.00 Material maintenance $110,100.00 Setups $ 79,360.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 435 36,700 64 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Machine hours Production runs Economy 10,080 133 9.000 21 Standard 20,900 134 21,000 15 Premium 3,575 168 6.700 28 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate Activity Pool Material Handling Material Maintenance Setups 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.) Cost Models Economy Standard Premium Check my work