West Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $870,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 92,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Product A Product B Product C Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost $72,000 $ 47,000 $86,000 6,200 7,200 2,700 9,200 15,200 1,200 20,200 8,200 1,825 Which of the following statements is true regarding this company's activity rates? The activity rate under the activity-based costing system for Activity 2 is $2.02. The activity rate under the activity-based costing system for Activity 2 is $18.58. The activity rate under the activity-based costing system for Activity 2 is $1.54. The activity rate under the activity-based costing system for Activity 2 is $15.02. The activity rate under the activity-based costing system for Activity 2 is $2.89