Brief Exercise 17-5 Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $211,700, $446,400, and $83,200, respectively. The cost driver for each activity and the expected annual usage are number of setups 2,900, machine hours 24,800, and number of inspections 1,600. Compute the overhead rate for each activity Machine setups Machining Inspections Click if you would like to Show Work for this question: per setup per machine hour per inspection Open Show Work