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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material...

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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance Setups Cost $77,665.00 $75,800.00 $84,320.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 490 37,900 68 Chipman makes 3 models of pumps with the following details Economy Standard Premium Units produced Number of moves Machine hours Production runs 10,160 189 9,650 23 21.700 131 20,700 16 3,585 170 7,550 29 Required a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Activity Rate Material Handling Material Maintenance Setups b. Determine the amount of indirect costs assigned to each of the products. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Models Economy Standard Premiunm ost

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