1. Fine Industries uses activity-based costing to assist management in setting prices for the company's three major product lines. The following information is available: Activity Cost Pool Cutting Stitching Inspections Packing Estimated Overhead $900,000 8,000,000 2,800,000 800,000 Expected Use of Cost Driver per Activity 25,000 labor hours 320,000 machine hours 160,000 labor hours 64,000 finished goods units Instructions Compute the activity-based overhead rates. Cost Pool Estimated Overhead Expected Use of Cost Driver Overhead Rate