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 Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $720,000 995,000 200,000 270,000 395,000 170,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: Compute the activity rate for each activity, assuming the company uses activity-based costing. (Round activity rate answers to 2 decimal places.) Expected Costs Activity Driver Activity Rate $ 720,000 100,000 parts 995,000 1,500 batches Activity Handling material Inspecting product Processing orders Paying suppliers Insuring factory Designing packaging 200,000 700 orders 270,000 500 invoices 40,000 square feet 395,000 2 models 170,000 2,750,000 $