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Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity cost pools, the felated 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 cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Chapters 4,5,6 i) Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Compiete this question by entering your answers in the tabs below. Calculate the activity rate for eoch cost pool. (Round your answers to z decimal places.) 2. Using the activity rates, determine the 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. Using the activity rates, determine the total amount of overhead assigned to each product. (Round activity rates to 2 decimal places.) 4. Calculate the gross profit for each product. Complete this question by entering your answers In the tabs below. Determine total manufacturing cost for each product. 2. Using the activity rates, determine the total amount of overhead 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. Calculate the gross profit for each product