Concord Industries manufactures several products including a basic case for a popular smartphone. The company is considering adopting an activity-based costing approach for setting its budget. The company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. Cost Driver Quantity Cost Driver Activity Machine setup Activity Overhead $ $ 120,450 103,950 1.650 # of setups # of quality tests 330 Inspection Materials receiving 179.400 # of purchase orders 2.300 The budgeted data for smartphone case production are as follows. $2.05 per unit $0.62 per unit 165 Direct materials Direct labor Number of setups Number of quality tests Number of purchase orders 365 45 261.060 units Production Calculate the activity rate for each cost pool. Machine setup $ / setup Inspection $ /test Materials receiving $ /PO