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Assume a company is conducting a time-driven activity-based costing study in its Purchasing Department. To aid the study, the company provided the following data

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Assume a company is conducting a time-driven activity-based costing study in its Purchasing Department. To aid the study, the company provided the following data regarding its Purchasing Department and three of its many jobs: Number of employees Average annual salary per employee Weeks of employment per year Hours worked per week Practical capacity percentage Minutes per unit of the activity Number of requisitions processed Number of bid evaluations Number of inspections What is the time-driven activity rate for Bid Evaluation? Note: Do not round your intermediate calculations. Multiple Choice $4.00 $4.85 $5.10 $5.60 14 $ 39,312 52 40 90% Requisition Bid Processing Evaluation 30 16 Inspection 45 Job A Job B Job C 9 5 6 3 4 2

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