Question 1. XYZ Corporation has provided the following data from its activity- based costing system: Activity Cost Pool Total Cost Total Activity Assembly $ 942,480 66,000 Machine Hours Processing Orders $ 85,050 1,800 Orders Inspection $ 126,854 1,820 Inspection Hours Furthermore, data concerning product ABC appears below: Selling price per unit $ 150.20 Direct Materials Cost per unit $ 20.06 Direct labor Cost per unit $ 45.04 Annual Unit Production & Sales 408 Annual Machine Hours 195 Annual Orders 80 Annual Inspection Hours 30 a) Calculate the activity rate for product ABC for all of the activity cost pools. (6 Marks) b) What is the total activity cost rate for product ABC? (2 Marks) c) What is the average cost of product ABC? (2 Marks)