After reading an article about activitybased costing in a tradejournal for the furniture industry, Santana Rey decides to analyze overhead cost at Business Solutions. In a recent month, Santana found that setup costs, inspection costs, and utility costs made up most of the company's overheadt Additional information about overhead follows, Activity Budgeted Cost Budgeted Activity Usage Set up $ 20,590 29 setups Inspection 4,800 4,800 parts inspected Utilities 9,600 4,800 machine hour's (MH) Total $ 34,990 The following data pertain to Job 615. Direct materials $ 2,100 Direct labor $ 3,800 Overhead $ Setups 6 setups Parts inspected 570 parts inspected Machine hours 700 machine hours Required: 1. Classify each of the three overhead activities as unit level, batch level, product level, or facility level. 2. Assume Business Solutions allocates overhead cost using a plantwide rate based on 4,800 machine hours. Compute total product cost of Job 615. 3. Assume Business Solutions uses activitybased casting (8) Compute overhead activity rates. (b) Allocate overhead cost to Job 615. (C) Compute total product cost of Job 615. Required 1 Assume Business Solutions uses activity-based costing. (5) Compute overhead activity rates. (b) Allocate overhead cost to Job 615. (c) Compute total product cost of Job 615. (Round "Activity Rate" to 2 decimal places.) Required 2 Required 3 Setup $ 710.00 a per setup Inspection $ 1.00 a per part Utilities $ 2.00 0 per MH Direct Materials Direct Labor Overhead Product Cost Total allocated cost Setup $ 710 9 Inspection 570 0 Utilities 1,400 9 $ 5,900