Chipman Inc. produces water pumps. Overhead costs have been identified as follows Activity Pool Materlel handling Machine maintenance Setups Cost $68,752.50 $74,400.00 $51,700.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 445 37,200 66 Chipman makes 3 models of pumps with the following details: Economy Standard Units produced 10,000 Number of moves 147 20,100 128 Premium 3,595 170 Machine hours 9,500 Production runs 29 22,000 12 5,700 25 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rate Material Handling Machine 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 Economy Standard Premium Cost