Use the following information for questions 5. Hickory Corporation has an activity-based costing system with three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs, which consist of Equipment Depredation and Indirect Labor, have been allocated to the cost pools already and are provided in the table below. Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs appear below: Required: Calculate activity rates for each activity cost pool using activity-based costing. Assign Overhead to Product Z9 and prepare the Income statement showing the product's profitability using the Company's Activity Based Costing System