Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance $95,000 Setups Cost $65,000 $75,000 Activity Driver Number of moves Activity 400 Number of machine hours 38,000 Number of production runs 60 Chipman makes 3 models of pumps with the following details: Economy Standard Premium 20,000 Units produced Number of 10,000 3,500 100 125 175 moves Machine hours Production runs 9,000 22,000 20 7,000 35 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate Cost 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.) Models Cost Economy Standard Premium