Musich Corporation has an activity based costing system with three activity cost pools Machining Setting Up, and other. The company's overhead costs, which consist of equipment depreciation and indirect labor, have been allocated to the cost pools already and are provided in the table below. Equipment depreciation Todirect labor Total Activity Cost Pools Machining Setting up Other $10,200 $50,700 $ 24,600 5/700 2,200 4,500 $15,900 $ 54,00 $ 29,100 Total $ 85,500 13,500 599,000 Costs in the Machining cost pool are assigned to products based on machine hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs appear below. Product za Product T1 Total MHS 6,480 6,600 13,000 Batches 958 1.550 2,5ee Sales (total) Direct materials (total) Direct labor (total) Product 23 Product T1 $238,800 $ 259,500 $ 86,000 $ 98,400 $110,800 5107,200 Required: a Calculate activity rates for each activity cost pool using activity based costing, b. Determine the amount of overhead cost that would be assigned to each product using activity based costing. c. Determine the product margins for each product using activity based costing. Complete this question by entering your answers in the tabs below