i X Data Table Estimated Total Manufacturing Estimated Total Usage Overhead Costs of Cost Driver $ 145,700 3,100 setups Activity Machine setup Machining ... Quality control $ 850,000 5,000 machine hours $ 374,000 4,400 tests run Print Done i More Info X During May, Allan and Driscilla Salari machined and assembled Job 553. Allan worked a total of 12 hours on the job, while Driscilla worked 6 hours on the job. Allan is paid a $25 per hour wage rate, while Driscilla is paid $29 per hour because of her additional experience level. Direct materials requisitioned for Job 553 totaled $1,300. The following additional information was collected on Job 553: The job required 1 machine setup, 4 machine hours, and 3 quality control tests. Print Done Salari Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: B Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements. 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. Activity cost allocation Total manufacturing overhead Est. total use of cost driver rate - Machine setups $ 145,700 + 3,100 = $ 47 per setup Machining $ 850,000 5,000 $ 170 per machine hour Quality control $ 374,000 4,400 $ 85 per QC test 2. Complete the following job cost record for Job 553. Job Cost Record Manufacturing JOB 553 Costs Direct material Direct labor Manufacturing overhead Total job cost