Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Cost Material handling $72,800.00 Material maintenance $74,200.00 Setups $83,912.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 455 37,188 68 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Machine hours Production runs Economy 10,170 147 9,550 15 Standard 20,600 133 20,600 19 Premium 3,585 175 6,950 34 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.) Cont Models Economy Standard Premium