A company reports the information below for its products. The company budgets $152,956 of total overhead costs for this year. Direct materials Direct labor Total $ 94,912 Premium $ 32,512 Deluxe $ 62,400 $ 42,672 1,016 $ 83,200 1,516 $ 125,872 Units produced The following overhead cost information is collected to apply activity-based costing. Activity Budgeted Cost Purchasing $ 29,304 Depreciation of machinery 79,560 44,092 $ 152,956 Quality control Total overhead Activity Driver Purchase orders Machine hours Inspections Budgeted and Actual Activity Usage Premium 128 orders Deluxe 538 orders 1,270 hours 98 inspections 48 inspections 770 hours Enter answers in the tabs below. Required 1 Required 2 Required 3 Use activity-based costing to compute the activity rate for each activity. Note: Round "Activity rate" to 2 decimal places. Activity Budgeted Cost Purchasing $ 29,304 Depreciation $ 79,560 Quality control $ 44,092 Budgeted Activity Usage purchase orders machine hours inspections Activity Rate