Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance Setups Coat $ 68,625.00 5110,700.00 $ 81,642.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 450 36,900 66 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Machine hours Production runs Economy 10,120 148 9,650 22 Standard Premium 20,100 3,510 128 174 20,700 6,550 15 29 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