Question: Bristol Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $120,000, $300,000, and

Bristol Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $120,000, $300,000, and $70,000, respectively. The cost driver for each activity and the expected annual usage are: number of setups 1,000, machine hours 25,000, and number of inspections 2,000. Compute the overhead rate for each activity.

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