40. Boots and More, Inc. uses activity-based costing to assist management in setting prices for the company's 3 major product lines. The following information is available: Activity Cost Pool Expected Use of Cost Driver Per Activity Estimated Overhead Cutting Stitching Inspections Packing 5900,000 8,000,000 2,800,000 672,000 24,000 labor hours 320,000 machine hours 160,000 labor hours 64,000 finished goods units Instructions Compute the activity-based overhead rates