Sheridan Industries manufactures several products including a basic case for a popular smartphone. The company is considering adopting an activity-based costing approach for setting its budget. The company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. The budgeted data for smartphone case production are as follows. (a) X Your answer is incorrect. Calculate the activity rate for each cost pool. Machine setup $ Inspection $ Materials receiving $ (b) X Your answer is incorrect. Calculate the activity based unit cost of the gmartphone case. (Round answer to 2 decimal ploces es 15.25.) Activity based unit cost