Fine Industries uses activity-based costing to assist management in setting prices for the company's three major product lines. The following information is available:

Compute the activity-based overhead rates. (Round answers to 2 decimal places, e.g. 12.25.)
Activity-based overhead rates
Cutting__________ $ per labor hour
Stitching_________ $ per machine hour
Inspections_______ $ per labor hour
Packing _________ $ per finished unit

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Expected Use of Cost Driver per Activity Estimated Overhead Activity Cost Pool Cutting labor hours 900,000 25,000 machine hours Stitching 8,000,000 320,000 160,000 labor hours Inspections 2,800,000 finished goods units Packing 64,000 800,000