TB Problem 4-120 (Algo) Pecan Incorporated, produces water... Pecan Incorporated, produces water valves. Overhead costs have been identified as follows: Pecan makes three models of valves with the following activity demands: Required: a. Calculate the activity rate for each activity. b. Determine the amount of indirect costs assigned to each of the products. Pecan makes three models of valves with the following activity demands: Required: a. Calculate the activity rate for each activity. b. Determine the amount of indirect costs assigned to each of the products. Complete this question by entering your answers in the tabs below. Calculate the activity rate for each activity. Note: Round your answers to 2 decimal places. Pecan makes three models of valves with the following activity demands: Required: a. Calculate the activity rate for each activity. b. Determine the amount of indirect costs assigned to each of the products. Complete this question by entering your answers in the tabs below. Determine the amount of indirect costs assigned to each of the products. Note: Do not round your intermediate calculations