Question 3 4 pts A company has two products: Cakes and Cookies. It uses activity-based costing and has prepared the following analysis showing budgeted costs and activities. Use this information to compute (a) the company's overhead rates for each of the three activities and (b) the amount of overhead allocated to Cakes. Activity Cost Pool Product: Cakes Product: Cookies Total Budgeted Overhead Cost $60.000 $75,000 $90,000 800 700 1.505 1,500 3,000 1,500 900 900 Activity 1 Activity 2 Activity 3 Total Budgeted overhead 1,800 $225,000 700 800 $60,000 $75,000 1,500 1,500 1,500 3,000 Activity 1 Activity 2 Activity 3 Total Budgeted overhead $90,000 900 900 1,800 $225,000 Overhead rate for Activity 1 is $ Overhead rate for Activity 2 is $ Overhead rate for Activity 3 is $ Total overhead allocated to Cakes based on activity-based costing is $