E4-16 (Algo) Calculate Total Manufacturing Costs and Gross Profit [LO 4-4] Rosehut Olive Oil Company makes two grades of ollve oik standard and extra virgin. Rosehut has identified two activity pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Additional information about each grade of olive oil is as follows: Required: 1. Calculate the activity rate for each activity pool. 2. Using the activity rates, determine the total amount of overnead assigned to each product. 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below