for the Machining cost pool, $8,000 for the Setting Up cost pool. Costs in the Machining cost pool are Setting Up. The company's overhead costs have already been allocated to the cost pools and total $7,200 3. ABC Corporation has an activity-based costing system with two activity cost pools: Machining and assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. The activity for each cost pools are: 20,000 MHs and 1,000 setups. Required (14 points): a. Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to product A if it uses 500 MHs and 100 setups. Answer: