Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic. Activity Processing purchase orders Handling materials Inspecting product Paying suppliers Insuring the factory Expected Activity 100,000 parts 1,500 batches 700 orders Expected Costs $720,000 995,000 200,000 270,000 395,000 170,000 500 invoices 40,000 square feet 2 models Designing packaging Required: Compute the activity rate for each activity, assuming the company uses activity-based costing. (Round activity rate answers to 2 decimal places.) Activity Expected Costs Activity Driver Activity Rate Handling material $ 720,000 100,000 parts Inspecting product 995,000 1,500 batches Processing orders 200,000 700 orders Paying suppliers 270,000 500 invoices Insuring factory 395,000 40,000 square feet Designing packaging 170,000 2 models $ 2,750,000