Blossom Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, it produced 50 range instruments and 300 pressure gauges and incurred estimated overhead costs of $94,260. An analysis of estimated overhead costs reveals the following activities: Total Cost $32,480 1. Activities Material handling Machine set-ups Quality inspections Cost Drivers Number of requisitions Number of set-ups Number of inspections 2. 28,500 3. 33,280 $94.260 The cost driver volume for each product was as follows: Instruments Gauges Total Cost Drivers Number of requisitions Number of set-ups 500 660 1,160 170 330 500 220 Number of inspections 420 640 Determine the overhead rate for each activity. The overhead rates are: Cost Pool Rate Material handling per requisition Machine set-ups $ per set-up Inspections per inspection e Textbook and Media Assign the manufacturing overhead costs for April to the two products using activity based costing (Round per unit answers to 2 decimal places, eg. 15.25.) Instruments Gauges $ Overhead cost per unit