11. Dickerson Industries, a family-run small manufacturer, has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: (Click the icon to view activities, total MOH costs, and cost drivers.) During May, Allan and Allison Dickerson machined and assembled Job 540. Allan worked a total of 10 hours on the job, while Allison worked 8 hours on the job. Allan is paid a $23 per hour wage rate, while Allison is paid $30 per hour because of her additional experience level. Direct materials requisitioned for Job 540 totalled $1,300. The following additional information was collected on Job 540: the job required 1 machine set-up, 4 machine hours, and 2 quality control tests. 1. Compute the activity cost allocation rates for the year. 2. Complete the job cost record for Job 540. Requirement 1. Compute the activity cost allocation rates for the year. First, determine the formula to compute the allocation rate for the activity-based cost rate, and then calculate the rate for each activity. (Round your answers to the nearest whole dollar.) Machine setups Machining Quality control (1) (2) Activity cost allocation rate per setup per machine hour per QC test Requirement 2. Complete the following job cost record for Job 540. (Round interim and final answers to the nearest whole dollar.) Job Cost Record JOB 540 Direct material Direct labour... Manufacturing overhead Total job cost. Manufacturing Costs 1: Activities, total MOH costs, and cost drivers Estimated Total Manufacturing Estimated Total Usage of Activity Overhead Costs Cost Driver Machine set-up Machining $ Quality control. $ 168,000 1,020,000 347,000 3,000 set-ups 5,600 machine hours 4,500 tests run