27) 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: Expected Use of Activity Cost Pool Estimated Overhead Cost Driver per Activity Cutting $900,000 25,000 labor hours Stitching 8,000,000 320,000 machine hours Inspections 2,800,000 160,000 labor hours Packing 800,000 64,000 finished goods units Instructions Compute the activity-based overhead rates