markham company makes two products: basic product and deluxe product. annual production and sales are 1,700 units of basic product and 1,100 units of deluxe product. the company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. basic product requires 0.3 direct labor-hours per unit and deluxe product requires 0.6 direct labor-hours per unit. the total estimated overhead for next period is $98,785. the company is considering switching to an activity-based costing system for the purpose of computing unit product costs for external reports. the new activity-based costing system would have three overhead activity cost pools (activity 1, activity 2, and general factory) with estimated overhead costs and expected activity as follows: activity cost poolestimatedexpected activity overhead costsbasic productdeluxe producttotal activity 1$ 30,5281,0006001,600 activity 217,3851,7002001,900 general factory50,8725106601,170 total$ 98,785 (note: the general factory costs are allocated on the basis of direct labor-hours.) the predetermined overhead rate (i.e., activity rate) for activity 2 under the activity-based costing system is closest to: