! Required Information Use the following information for the Quick Studies below. (Algo) Chan Company identified the following budgeted data for this year. The company manufactures two types of scooters: standard and fast Activity Budgeted Overhead Cost Budgeted Activity Handling materials $ 795,000 100,000 parts Quality inspection 150,000 1,500 inspections Purchasing 1,000 orders $ 940,000 85,000 Total QS 17-5 (Algo) Computing overhead rates using ABC LO P3 Compute an overhead activity rate for each activity assuming the company uses activity-based costing (Round your answers to 2 decimal places.) Budgeted Cost $ 705,000 Budgeted Activity Usage Activity Rate Activity Handling materials Quality inspection Purchasing 150,000 85,000 940,000 $