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. 25 points Activity Cost Pools Total Machining Setting Up Other Equipment depreciation $10,000 $50, 200 $24,400 $84,600 Indirect labor 5,400 3,200 4,400 13,000 Total $15, 400 $53, 400 $28,800 $97,600 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: MHS Batches Product Z3 6,300 1500 Product T1 6,500 900 Total 12,800 2,400 Product Z3 Product T1 Sales (total) $266,800 $298,600 Direct materials (total) $98, 200 $85,500 $120, 600 Direct labor (total) $116,700 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. SHOW YOUR WORK