Watson's Corporation's activity-based costing system has three activity cost pools-- Fabricating, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Fabricating Setting Up Other $56,800 $44,900 $13,300 Costs in the Fabricating 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. The following table shows the machine-hours and number of batches associated with each of the company's two products: MHs Batches Product MO 8,200 800 Product P9 2,500 1,200 Total 10,700 2,000 Required: Show your work 12 points a. Calculate activity rates for each activity cost pool using activity-based costing. (Round your answers to 2 decimal places.) b. Calculate the amount of overhead assigned to product MO and to product P9.