5 6 7 Sanchez Co. has three activities in its manufacturing process: machine 42. setups, machining, and inspections. Estimated annual overhead cost for each activity is $90,000, $162,500, and $35,000, respectively. The expected annual use in each department is 1, 8 9 10 Instructions Compute the overhead rate for each activity. 11 Short Answer: ll work should be performed in EXCEL. These questions are similar to the homework. Please show all work, you earn credit by illustrating how you got the answer and for the answer itself. Even if your ultimate answer is incorrect, by showing your work, Snara Company accumulates the following data concerning a mixed cost, using miles as the activity level. 45. Miles Driven Total Cost Miles Driven 9.000 7,500 Total Cost $12,500 $13,000 10,000 January February March April $15.000 $14,500 8,000 Compute the variable and fixed cost elements using the high-low method