Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance Setups Cost $ 77,040.00 $110,700.00 $ 79,552.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 480 36,900 64 Chipman makes 3 models of pumps with the following details: Economy Standard Premium Units produced 10,150 20,800 3,550 Number of moves 180 126 174 Machine hours 9,600 21,900 5,400 Production runs 20 17 27 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rato 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