Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. QS 17-7 (Algo) Computing departmental overhead rates LO P2 What is the Assembly department overhead rate using direct labor hours? What is the Finishing department overhead rate using machine hours? QS 17-11 (Algo) Computing activity rates for activity-based costing LO P3 A manufacturer uses activity-based costing to assign overhead cost to products. Budgeted cost information for its activities follows. Compute an activity rate for each activity. (Round your answers to 2 decimal places.)