Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $71,100.00 $74,400.00 $79,488.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 450 37,200 64 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Machine hours Production runs Economy 10,080 148 9,550 28 Standard 20,100 127 20,300 11 Premium 3,525 175 7,350 25 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate Activity Pool 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.) Cost Models Economy Standard Premium