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Brooklyn Cycles produces custom bicycles and has used a traditional manufacturing overhead application rate based on direct labor hours. Currently, overhead is applied at the

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Brooklyn Cycles produces custom bicycles and has used a traditional manufacturing overhead application rate based on direct labor hours. Currently, overhead is applied at the rate of $26.6/DLH Brooklyn is now considering using activity-based driver rates to improve manufacturing overhead costing accuracy. Budgeted manufacturing overhead costs for expected driver activity are as follows: Budgeted Cost Budgeted Activity Machining time 10,600 hours Direct labor time Inspection time 4,600 hours 5271, 360 300, 760 39,560 20,600 hours Required: Calculate manufacturing overhead rates that would be applied to bicycles produced using activity-based costing (Round your answers to 1 decimal place.) Machining rate Direct labor rate Inspecting rate Activity Costing Rate machine hour direct labor hour inspection hour

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