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	Cost Driver	Standard	Extra Virgin
Washing, Pressing & Filtering (WPF)	$ 1,929,950	Washing, Pressing, and Filtering hours	48,800	hours	110,700	hours
Bottling	$ 1,267,500	Number of bottles	338,000	bottles	84,500	bottles

Additional information about each grade of olive oil is as follows:

Grade	Sales Revenue	Direct Materials Costs	Direct Labor Costs
Standard	$ 5,195,000	$ 900,000	$ 375,000
Extra Virgin	$ 3,050,000	$ 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.