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 $ 150,000 100,000 testing minutes Setups $ 105,600 2,200 setup hours Molding $ 220,000 10,000 machine hours What is the activity rate for the Setups activity? Multiple Choice $38 per setup hour $48 per setup hour $58 per setup hour $68 per setup hour