Morgana Company identifies three activities ints manufacturing process machine setups, machining and inspections. Estimated annual overhead cost for each activity is $167.900, $416.500, and $66,000, respectively. The cost driver for each activity and the estimated annual usage are number ot setups 2,300, machine hours 24.500 and number of inspections 1.200 Compute the overhead rate for each activity Machine setups 5 per setup Machining $ per machine hour Inspections $ per inspection Save for Later Attempts: 0 of used Submit Answer 1 C o o A $ 4 % 5 & 7 6 8 9 0 t U d f ra h K K