HUGUE 1 yey IIEI LINOLEGUIR OUVI. HE OLUVRE LUS MUID CHIU LIEN OLVIDUI Denu below: Activity Coat Pool Animation concept Animation production Contract administration Activity Measure Number of proposala Minutes of completed animation Number of contract Activity Rate $5,500 per proposal $7,300 per minute $6,800 per contract These activity rates include all of the company's costs, except for its organization-sustaining costs and Idle capacity costs. There are no direct labor or direct materials costs. Activity Measure Number of proposals Minutes of completed animation Number of contracts Local Commerciale 24 The total sales from the 7 contracts for local commercials was $170.000 Required: 1. Calculate the cost of serving the local commercial market. 2. Calculate the margin earned serving the local commercial market. (Remember, this company has no direct materials or direct labor costs.)