Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling...

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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $ 76,750.00 $109,200.00 $ 76,694.00 Activity Driver Number of moves Number of machine hours Activity 500 36,400 Number of production runs 62 Chipman makes 3 models of pumps with the following details: Units produced Economy 10,170 Number of moves 205 Machine hours Production runs 9,100 12 Standard 21,500 125 21,200 18 Premium 3,545 170 6,100 32 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 Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $ 76,750.00 $109,200.00 $ 76,694.00 Activity Driver Number of moves Number of machine hours Activity 500 36,400 Number of production runs 62 Chipman makes 3 models of pumps with the following details: Units produced Economy 10,170 Number of moves 205 Machine hours Production runs 9,100 12 Standard 21,500 125 21,200 18 Premium 3,545 170 6,100 32 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