Direct labor or machine hours may not be the aporopiate cost driver for everhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use activity-based costing (ABC) which uses multiple drivers 0tems that consume resources) rather than just one driver to apply ovenead to their activitics. With ABC, a company can use a cost driver that has a direct cause/effect relationship in its applied overhead costs. Waterways looked into ABC as a method of costing because of the variety of items it produces and the many different activities in which it is inwolved. The activities fisted below area sample of posslble cost pooks for Watoways. (b) Using the following informstion, determine the overhead rates and the actualicost astigned for eachof the activity cost pools in a possible ABC sytem for Waterwars. (Round ennwers to 2 decimal places, es. 12.25) eTextbook and Media ine har tuan Attensis: unilinited