Assume a company$$s activity$-$based costing system includes three activities. The following information is available with respect to those activities:

Activity Cost Pool Estimated Overhead Cost Expected Activity

Testing $ $150,000100,000$ testing minutes

Setups $ $149,6002,200$ setup hours

Molding

$ $220,000$

$10,000$

machine hours

What is the activity rate for the Setups activity?

Multiple Choice

$$58$ per setup hour

$$68$ per setup hour

$$78$ per setup hour

$$88$ per setup hour