QUESTION 4 Use the following information for the next two questions. A local picnic table manufacturer has budgeted these overhead costs: Purchasing $75,000 Handling materials $33,350 Machine setups $70,500 Inspections $26,000 Utilities $50,000 They are considering adopting ABC costing and have estimated the cost drivers for each pool as shown Recent success has yielded an order for 1,000 tables. Assume direct labor costs per hour of $20. Determine how much the job would cost given the following activities: Activity Order (units) 1,000 Direct materials 113,000 Machine hours 15,200 Direct labor hours 5,500 Number of purchase ordere! 55 Number of material moves 750 Number of machine setups 110 8,500 Calculate the activity based overhead rates for each activity. Round to the nearest whole number unless otherwise specified Estimated Overhead Cost Driver Activity Rate (round to thenearest cent $ $ Purchasing 100 Orders S $ Handling materials 25 Material moves $ $ Machine setups 4.4 Machine setups $ $ Inspections Number of inspections is 5 Utilities Square For Blank 10 feet