Oliver Cat Emporium uses activity-based costing to determine the costs of its three products: Cat trees, Cat toys, Cat clothes. They provided the following budgeted cost and activity for each of the company's three activity cost pools: Which of the following statements is true regarding the activity rates for Oliver Cat Emporium? The activity rate under the activity-based costing system for Processing is $2.00 The activity rate under the activity-based costing system for Processing is $2.50. The activity rate under the activity-based costing system for Processing is $1.50. The activity rate under the activity-based costing system for Processing is $16.00