M4-7 (Static) Calculating Activity Rates [LO 4-4] Halsted Corp. has identified three cost pools in its manufacturing process: equipment maintenance, setups, and quality control. Total cost assigned to the three pools is $214,500, $101,400, and $153,000, respectively. Cost driver estimates for the pools are 10,000 machine hours, 150 setups, and 450 quality inspections, respectively. Calculate the activity rate for each of Halsted's cost pools. (Round your answers to 2 decimal places.) Maintenance $ 21.40 per Machine Hour Setup $ 676.00 per Setup Quality Control $ 340.00 per Inspection E4-10 (Static) Assigning Costs Using Activity Rates [LO 4-4] Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Suppose that Schell has conducted further research into its overhead and potential cost drivers. As a result, the company has compiled the following detailed information, breaking total overhead into three cost pools: Activity Cost Pools Material handling Quality control Machine maintenance Cost Assigned Cost Driver to Pool Number of moves $ 3,750 Number of inspections $13,860 Number of machine hours $21,450 Quantity/Amount Consumed by Standard Floor Mat Line 30 moves 400 inspections 4, 150 machine hours Quantity/Amount Consumed by Deluxe Floor Mat Line 70 moves 600 inspections 3,000 machine hours Required: 1. Calculate the activity rates for each cost pool assuming Schell uses an ABC system. 2. Calculate the amount of overhead that Schell will assign to the Standard floor mat line. 3. Determine the amount of overhead Schell will assign to the Deluxe product line. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 2. Calculate the amount of overhead that Schell will assign to the Standard floor mat line. (Round your intermediate calculations to 2 decimal places.) 3. Determine the amount of overhead Schell will assign to the Deluxe product line. (Round your intermediate calculations to 2 decimal places.) Show less A Total Overhead Assigned 2. Standard floor mat line 3. Deluxe product line