Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance Setups Cost $ 64,532.50 $112,200.00 $ 77,616.00 :23 Activity Driver Number of moves Number of machine hours Number of production runs Activity 415 37,400 63 Chipman makes 3 models of pumps with the following detalls: Units produced Number of moves Machine hours Production runs Economy 10,160 116 9,880 18 Standard 21,800 128 21,800 18 Premium 3,530 171 5,800 27 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 dlagerial) http%253A%252F%252Fncesi Saved Machine hours Production runs 9,800 18 21,800 18 5,809 27 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