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 $695,000 970,000 175,000 245,000 370,000 145,000 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 $ 695,000 100,000 parts 970,000 1,500 batches Activity Handling material Inspecting product Processing orders Paying suppliers Insuring factory Designing packaging 175,000 700 orders 245,000 500 invoices 370,000 40,000 square feet 2 models 145,000 2,600,000 $