18 Steel Company uses activity-based costing and reports the following for this year. Compute an activity rate for each activity using activity-based costing Activity Budgeted Cost Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) $144,000 464,000 Cutting Assembly 2 cosess Total $608,000 Budgeted Activity Usage 4,000 machine hours 8,000 direct labor hours Multiple Choice $36 per MH for Cutting: $58 per DLH for Assembly $36 per MH for Cutting: $116 per DLH for Assembly $12 per MH for Cutting: $39 per DLH for Assembly $51 per MH for Cutting $51 per DLH for Assembly