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 Indirect labor Activity Cost Pools Machining Setting Up Other $7,400 $ 43,700 $ 21,800 1,500 1,900 3,100 $ 8,900 $ 45,600 $ 24,900 Total $ 72,900 6,500 $ 79,400 Total 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 Z3 Product T1 MHS 5,000 5,200 10,200 Batches 250 850 Total 1,100 Sales (total) Direct materials (total) Direct labor (total) Product Z3 Product T1 $210,800 $ 245,500 $ 79,000 $ 95,600 $ 108,000 $100,200 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. Required A Required B Required C Required B Calculate activity rates for each activity cost pool using activity-based costing. (Round your answers to 2 decimal places.) Activity Rate Activity Cost Pools Machining Setting up per MH per batch Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Amount of Overhead Cost Product Z3 Product T1 Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the product margins for each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Product Margin Product Z3 Product T1