Fields Company is a manufacturing firm that currently uses traditional costing with one plantwide overhead rate. The company is determining if they should implement activity-based costing and has identified the potential activity areas along with the expected activity for its' two product lines: Product A and Product B. Expected Activity Activity Overhead Cost Allocation Base Product A Product B Design $350,000 Design Hours 5,000 2,000 Production $800,000 Machine Hours 10,000 30,000 Finishing $300,000 Labor Hours 1,000 3,000 Required: A. Calculate the activity rate for each of the cost pools. (6 points) B. Compute the amount of overhead allocated to each product line. (6 points) C. The company's actual overhead costs amounted to $1,380,000. Compute the over/under applied overhead. (2 points)