Question: Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $213,000,$442,000, and $63,600,

Morgana Company identifies three activities in

Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $213,000,$442,000, and $63,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 3,000 , machine hours 26,000 , and number of inspections 1,200 . Compute the overhead rate for each activity. Machine setups $ Machining $ per machine hour Inspections $

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