Snowy Company has two products, Snow and Ice. Overhead costs are presently allocated to the two products based on the labor-hours used to produce each product. It takes one labor-hour to make one unit of each product. The chief financial officer has suggested converting to activity-based costing Using the data collected shown below, calculate the activity rates under activity based costing and apply overhead under activity based costing to Product SNOW: (Remember you can submit calculations for possible partial credit.) a) Calculate the activity rates for: Production $ per set up Quality control \$ per inspection Shipping \$ per unit b) Apply overhead to SNOW: Production \$ Quality control \$ Shipping \$ Total Overhead applied to Snow \$