Chipman Incorporated, produces water pumps. Overhead costs have been identified as follows: Activity Pool Cost Material handling $ 65,000 Machine maintenance $ 95, 000 Setups $ 75, 000 Total Cost Driver Activity Number of moves 400 Number of machine hours 38, 060 Number of production runs 60 Chipman makes three models of pumps with the following activity demands: Economy Standard Premium Units produced 10, 000 20, 000 3,500 Number of moves 100 125 175 Machine hours 9, 000 22, 000 7, 000 Production runs 20 Required: a. Calculate the activity rate for each activity. b. Determine the amount of indirect costs assigned to each of the products. Complete this question by entering your answers in the tabs below. Show less A Required A Required B Calculate the activity rate for each activity. Note: Round your answers to 2 decimal places. Activity Pool Activity Rate Material Handling Machine Maintenance Setups Required B >