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. Total Activity Cost Activity Washing, Pressing & Filtering (WPF) Bottling $ 1,694,000 $ 750,500 Cost Driver Washing, Pressing, and Filtering hours Number of bottles Standard Extra Virgin 46,600 hours 316,000 bottles 107,400 hours 79,000 bottles Additional information about each grade of olive oil is as follows: Grade Standard Sales Revenue Extra Virgin $ 5,140,000 $2,500,000 Direct Materials Costs $ 900,000 Direct Labor Costs $375,000 $ 600,000 $ 150,000 Required: 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) Bottling Cost Pool per hour per bottle