ances Required information Use the following information for the Quick Studies below. (Static) Chan Company identified the following budgeted data for this year. The company manufactures two types of scooters: standard and fast. Activity Handling materials Quality inspection Budgeted Overhead Cost $625,000 90,000 Purchasing Total 25,000 $740,000 Budgeted Activity 100,000 parts 1,500 inspections 1,000 orders QS 17-5 (Static) Computing overhead rates using ABC LO P3 Compute an overhead activity rate for each activity assuming the company uses activity-based costing. (Round your answers to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Handing materials $ Quality inspection 625,000 90,000 Purchasing 25,000 $ 740,000 Activity Rate Help