Pecan Inc. produces water valves. Overhead costs have been identified as follows: Activity Pool Cost Quality control $ 58,830 Machine maintenance $104,500 Setups $ 88,500 Activity Driver Number of inspections Number of machine hours Activity 185 19,000 Number of production runs 60 Pecan makes 3 models of valves with the following details: Economy Standard Premium Units produced 20,000 Number of inspections 5 Machine hours 4,500 40,000 40 12,000 7,000 140 2,500 Production runs 5 20 35 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate Cost Quality Control $ 318.00 Machine maintenance $ 5.50 Setups $ 1,475.00