Exercise 7-8 Weters 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 budg company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. Cost Driver Quantity 800 Activity Machine setup Inspection Materials receiving Activity Overheads $ 200,000 120,000 252,000 Cost Driver of setups of quality tests of purchase orders 1.800 The budgeted data for smartphone case production are as follows. Direct materials $2.50 per unit Direct labor $0.54 per unit Number of setups Number of quality tests Number of purchase orders 50 Production 15,000 units Calculate the activity rate for each cost pool. (Round answers to decimal places, ... 5.275.) Machine setup Inspection Materials receiving $ Calculate the activity based unit cost of the smartphone case. (Round answer to 2 decimal piacere. 15.25.) Activity-based unit cost $ Click if you would like to show Work for this question: Open Show Work