A company uses activity-based cong to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost $ 88,000 $ 63,000 $118,000 Budgeted Activity Product A Product 8 Product C 7,800 8,800 4,300 10,800 16,800 2,800 21,800 9,800 3,425 Which of the following statements is true regarding this company's activity rates? O O The activity rate under the activity-based costing system for Activity 2 is $2.18. W The activity rate under the activity-based costing system for Activity 2 is $11.21. The activity rate under the activity-based costing system for Activity 2 is $1.78. The activity rate under the activity-based costing system for Activity 2 is $15.17. The activity rate under the activity-based costing system for Activity 2 is $3.54.