Using the following information, determine the overhead rates and the actual cost assigned for each of the activity cost pools in 3 possible ABC system for Waterways. (Round answers to 2 declinal places, eg. 12.25) WATERWAYS CORPORATION \begin{tabular}{ccc} & Activity- & \\ & Based & OH \\ Activity Cost & Overhead & Cost \\ Pools & Rates & Assigned \end{tabular} Irrigation installation Machining (all machine use) Customer orders Design Selling Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the comolexities of many manufacturing processes, Mamy companies use activity-based costing (ABC) which uses multiple drivers (items thatconsume resources) rather than just one driver to apply owerhead to their activities. With ABC, a company can use a cost driver that has a direct causeicf fect relationship in its applied overhead costs. Waterways looked into ABC as a method of costing because of the variety of items it produces and the many different activities in which it is irwolved. The activities listed below area sample of possible cost pools for Waterways