ABC Inc. produces a single product and manufactured 20,000 units last

year. The company budgeted the following overhead costs for the year: Indirect Factory Wages:$100,000Factory Utilities:$ 40,000Factory Depreciation:$ 60,000 Direct manufacturing costs per unit are $50. The company uses an activity-based costing system which compiles costs into 3 cost pools, machining, milling and assembly. The costs allocated to these activity cost pools break down as follows: Usage: Cost:MachiningMillingAssemblyIndirect Factory Wages:50%30%20%Factory Utilities:40%40%20%Factory Depreciation:10%90%0% The following cost drivers are used for each of the following activity cost pools: -Machining: Machine Hours -Milling: Milling Hours -Assembly: Direct Labour Hours Practical capacity for each of the cost pools are shown below: -Machining: 18,000 Machine Hours. -Milling: 40,000 Milling Hours. -Assembly: 12,500 Direct Labour Hours Actual Usage was as follows: -Machining: 40,000 Machine Hours. -Milling: 40,000 Milling Hours. -Assembly: 15,000 Direct Labour Hours. The budgeted overhead rate to be charged for the Milling activity was: