Problem # 1- Activity-Based Costing (Show all your calculations) The following overhead cost information is available for the Crhistopher Corporation for the year ended December 3 l , 2022: Activity Allocation Base Overhead Cost Purchasing number of purchase orders $300,000 Receiving number of shipments received 100,000 Machine Setups number of setups 500,000 Quality Control number of inspections 250,000 During the year, 30,000 purchase orders were issued, 20,000 shipments were received, machine setups were 2,500, and 25,000 inspections were conducted. A job order card for Batch # 100 of products had the following specications: a. number of purchase orders 7 b. number of shipments received 10 0. number of setups 3 d. number of inspections 3 Required: a. Compute the \"overhead rate\" for each activity b. Compute the total overhead allocated to Batch # 100