please use an excel spreadsheet to compute the overhead rate for each activity

EXERCISE \#1 (worth 4 points): Mordica Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $250,000, $300,000, and $90,000, respectively. The cost driver for each activity and the expected annual usage are number of setups 2,500 , machine hours 25,000 , and number of inspections 1,500