Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance Setups Cost $ 76,475.00 $75,000.00 $ 77,931.00 Activity 475 Activity Driver Number of moves Number of machine hours Number of production runs 37,500 63 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Machine hours Production runs Economy Standard Premium 10,090 21,600 3,550 181 128 166 9,250 20,700 7,550 2017 26 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