Assume a companys 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 $ 150,000 100,000 testing minutes Setups $ 107,800 2,200 setup hours Molding $ 220,000 10,000 machine hours What is the activity rate for the Setups activity?

Multiple Choice $39 per setup hour $49 per setup hour $59 per setup hour $69 per setup hour