Manton Corporation uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead costs-equipment expense and indirect labore allocated to the three activity cost pools--Processing. Supervising and Other-based on resource consumption. Data to perform these allocations appear below: Overhead costs: Equipment expense $35,000 Indirect labor 56.000 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Processing Supervising Other Equipment 0.60 0.20 0.20 expense Indirect labor 0.10 0.30 0.60 in the second stage. Processing costs are assigned to products using machine hours (MH) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool are not assigned to products. Activity data for the company's two products follow Activity: Products Product CB Total MHs Processing) 2.900 241001 10.000 Batches (Supervising) 600 400) 1.000 The activity rate for the Processing activity cost pool under activity based costing is closest to 51.00 per MH 52.10 per MH 52.16 per MH 54.10 per MH