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, Prossing & Flitering (PP) Bottling Total Activity Cost Cost Driver $ 1,673,150 Washing, Pressing, and Filtering hours 706,500 Number of bottles Standard 46,400 hours 314,000 bottles Extra virgin 107,100 hours 78,500 bottles Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue 55,135,000 Direct Materials Costa $ 900.000 Direct Labor Coats $375,000 $ 150,000 52,450,000 $ 600,000 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 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 Cost Pool Washing, Pressing & Filtering (WPF) per hour Bottling per bottle Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. (Round places.) Standard Overhead Activity for assigned to Standard Standard Extra Virgin Overhead Activity for Extra Virgin assigned to Extra Virgin Activity Activity Rate WPF Bottling Total $ 0 $ 0 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 Determine total manufacturing cost for each product. Standard Extra Virgin Direct Materials Direct Labor ABC Overhead Total manufacturing costs $ 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the gross profit for each product. Standard Extra Virgin Revenue Cost of goods sold Gross Profit $ 0 $ 0