04 A manufacturer uses activity-based costing to assign overhead cost to products. Budgeted cost information for its activities follows. Activity Purchasing Factory services Setup Budgeted Cost Activity Cost Driver Purchase orders Square feet Setups $ 106,600 98,250 68,250 Compute an activity rate for each activity. (Round your answers to 2 decimal places.) Budgeted Cost Budgeted Activity Usage Budgeted Activity Usage 4,100 purchase orders 4,600 square feet 50 Setups Activity Rate Activity Purchasing $ 106,600 Factory services $ 98,250 Setup $ 68,250