Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the following estimates of cost and activity in the company’s five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Labor-related Direct labor-hours $ 30,160 2,320 DLHs Purchase orders Number of orders $ 1,290 430 orders Product testing Number of tests $ 4,830 345 tests Template etching Number of templates $ 875 35 templates General factory Machine-hours $ 64,200 10,700 MHs References Section BreakExercise 3-11 Contrasting Activity-Based Costing and Conventional Product Costing [LO3-2, LO3-3, LO3-4] 1. value: 1.00 points Required information Exercise 3-11 Part 1 Required: 1. Compute the activity rate for each of the activity cost pools. References eBook & Resources WorksheetDifficulty: 2 MediumLearning Objective: 03-03 Compute product costs using activity-based costing. Exercise 3-11 Part 1Learning Objective: 03-02 Compute activity rates for an activity-based costing system. Learning Objective: 03-04 Contrast the product costs computed under activity-based costing and conventional costing methods. Ask your instructor a questionCheck my work 2. value: 1.00 points Required information Exercise 3-11 Part 2 2. The expected activity for the year was distributed among the company’s four products as follows: Activity Cost Pool Expected Activity Product A Product B Product C Product D Labor-related (DLHs) 600 120 800 800 Purchase orders (orders) 40 150 120 120 Product testing (tests) 220 55 0 70 Template etching (templates) 0 17 15 3 General factory (MHs) 3,800 2,400 1,900 2,600 Using the ABC data, determine the total amount of overhead cost assigned to each product.