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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Chipman makes 3...

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Accounting

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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Chipman makes 3 models of pumps with the following details: Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) 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.)

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