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

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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Cost Material handling $70,252.50 Material maintenance $73,600.00 Setups $76,818.00 Activity Driver Activity Number of moves Number of machine hours Number of production runs 435 36,800 62 Chipman makes 3 models of pumps with the following details: Economy Standard Premium Units produced 10,060 Number of moves 139 Machine hours 9,900 Production runs 24 20,600 131 21,900 13 3,520 165 5,000 25 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rate Material Handling Material Maintenance Setups Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Cost Material handling $70,252.50 Material maintenance $73,600.00 Setups $76,818.00 Activity Driver Activity Number of moves Number of machine hours Number of production runs 435 36,800 62 Chipman makes 3 models of pumps with the following details: Economy Standard Premium Units produced 10,060 Number of moves 139 Machine hours 9,900 Production runs 24 20,600 131 21,900 13 3,520 165 5,000 25 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rate Material Handling Material Maintenance Setups