3 Mordica Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $151,500, $365,700, and $75,360, respectively. The cost driver for each activity and the expected annual usage are number of setups2,020, machine hours24,380, and number of inspections1,570. Compute the overhead rate for each activity.

Machine setups	$	per setup
Machining	$	per machine hour
Inspections	$	per inspection

Compute the overhead rate for each activity.

Machine setups	$	per setup
Machining	$	per machine hour
Inspections	$	per inspection