Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 300 pressure gauges were produced, and overhead costs of $ 94,500 were estimated. An analysis of estimated overhead costs reveals the fol lowing activities. Activities Cost Drivers Total Cost 1. Materials handling Number of requisitions $ 40,000 2. Machine setups Number of setups 21,500 3. Quality inspections Number of inspections 33,000 $ 94,500 The cost driver volume for each product was as follows. Cost Drivers Instruments Gauges Total Number of requisitions 400 600 1,000 Number of setups 200 300 500 Number of inspections 200 400 600 Determine the overhead rate for each activity. Overhead Rate Materials handling 55 per requisition Machine setups $ per setup Quality inspections 55 per inspection (b) J Your answer is partially correct. Assign the manufacturing overhead costs for April to the two products using activity-based costing decimal places, 3.3. 12.25.) Instruments Gauges Total cost assigned $ $