5 Check my wo Mia Company uses activity-based costing and reports the following. The company budgets 5,800 machine hours and 9,800 direct labor hours for the year. Activity (Cost driver) Cutting (machine hours) Assembly (direct labor hours) Total Budgeted Cost $ 40,600 98,000 $ 138,600 (a) Compute an overhead activity rate for each activity using activity-based costing. (b) Allocate overhead costs to a product that used 39 machine hours and 34 direct labor hours. Complete this question by entering your answers in the tabs below. Required A Required B Compute an overhead activity rate for each activity using activity-based costing. Cutting Assembly Activity Budgeted Cost Budgeted Activity Usage < Required A Required B > Activity Rate 5 Check my wo Mia Company uses activity-based costing and reports the following. The company budgets 5,800 machine hours and 9,800 direct labor hours for the year. Activity (Cost driver) Cutting (machine hours) Assembly (direct labor hours) Total Budgeted Cost $ 40,600 98,000 $ 138,600 (a) Compute an overhead activity rate for each activity using activity-based costing. (b) Allocate overhead costs to a product that used 39 machine hours and 34 direct labor hours. Complete this question by entering your answers in the tabs below. Required A Required B Allocate overhead costs to a product that used 39 machine hours and 34 direct labor hours. Activity Cutting Assembly Total Activity Usage mach. hrs. DL hrs. Activity Rate per mach. hr. per DL hr. Allocated Cost < Required A Required B