please help! can you add steps of how answers are reached

E4-16 (Algo) Calculate Total Manufacturing Costs and Gross Profit (LO 4.4) Rosehut Olive Oil Company makes two grades of olive oil standard and extra virgin Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool Activity Washing, Pressing & Filtering (WPF) Bottling Total Activity Cost Cost Driver $1,908,800 Washing, Pressing, and Filtering hours $1,218,000 Number of bottles Standard 48,600 hours 336,608 bottles Extra Virgin 110,480 hours 84,000 bottles Additional information about each grade of olive oil is as follows: Direct Direct Sales Materials Labor Grade Revenue Costs Costs Standard $5,190,000 $900.000 $375,000 Extra Virgin $3,000,000 $600,000 $150,880 Required: 1. Calculate the activity rate for each cost pool 2. Using the activity rates, determine the total amount of overhead assigned to each product 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the activity rate for each cost pool. (Round your answers to 2 decimal places.) Activity Washing, Pressing & Filtering (WPF) Bottling Cost Pool 12.72 per hour 3.25 per bottle Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. (Round activity rates to 2 decimal places.) Activity Activity Rate Standard Activity for Overhead Standard assigned to Standard Extra Virgin Activity for Overhead Extra Virgin assigned to Extra Virgin WPF Bottling Total $ 0 $ 0 Required 1 Required 2 Required 3 Required 4 Determine total manufacturing cost for each product. Standard Extra Virgin Direct Materials Direct Labor ABC Overhead Total manufacturing costs $ 0$ Calculate the gross profit for each product. Standard Extra Virgin Revenue Cost of goods sold Gross Profit $ 0 $ 0