Greite Corporation's activity based costing system has three activity cost pools Machining, Setting Up and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $15, 2ee $44,888 $16, eee Costs in the Machining cost pool are 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. Costs in the Other cost pool are not assigned to products. The following table shows the machine-hours and number of batches associated with each of the company's two products: Product ke Product W9 Total MHS Batches 2,eee ee 8,eee 200 1e, eee 1, eee Additional data concerning the company's products appears below. Sales (total) Direct materials (total) Direct labor (total) Product KeProduct W9 $220,700 $165,500 $ 78,600 $ 83,188 $ 89,600 $ 58,00 Required: 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 each product using activity based costing Determine the product margins for each product using activity based costing Required A Required B Required C Calculate activity rates for each activity cost pool using activity based costing. (Round your answers to Activity Rate Activity Cost Pools Machining Setting up per MH per batch Required A Required B > Required A Required B Required c Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (Re intermediate calculations to 2 decimal places.) Amount of Overhead Cost Product KO Product W9 Recured Required A Required B Required C Determine the product margins for each product using activity-based costing (Round intermediate calculations to 2 decimal places.) Product Margin Product KO Product W9