Help A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $ 80,000 7,000 10,000 21,000 Activity 21 Activity 3 $ 55,000 8,000 16,000 9,000 $102,000 3,500 2,000 2,625 Which of the following statements is true regarding this company's activity rates? Multiple Choice The activity rate under the activity-based costing system for Activity 2 is $2.11. The activity rate under the activity-based costing system for Activity 2 is $12.55 The activity rate under the activity-based costing system for Activity 2 is $1.67 Submit