Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Activity Total Activity Cost Washing, Pressing & Filtering $ 1,714,950 $795,000 (WPF) Bottling Cost Driver Washing, Pressing, and Filtering hours. Number of bottles Additional information about each grade of olive oil is as follows: Direct Materials Grade Standard Sales Revenue $ 5,145,000 Costs $ 900,000 Extra Virgin $ 2,550,000 $ 600,000 Required: Direct Labor Costs $375,000 $ 150,000 Standard 46,800 hours 318,000 bottles Extra Virgin 107,700 hours 79,500 bottles 1. Calculate the activity rate for each activity 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 activity pool. Note: Round your answers to 2 decimal places. Activity Washing, Pressing & Filtering (WPF) Botting Cost Pool per hour per bottle