Concord Industries manufactures several products including a basic case for a popular smartphone. The company is considering adopting an activity-based costing approach for setting its budget. The company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. Cost Driver Quantity Activity Activity Overhead $ Cost Driver Machine setup $ 120,450 # of setups 1.650 Inspection 103,950 # of quality tests 330 Materials receiving 179,400 # of purchase orders 2.300 The budgeted data for smartphone case production are as follows. Direct materials $ 2.05 per unit Direct labor $ 0.62 per unit Number of setups 165 Number of quality tests 365 Number of purchase orders 45 Production 261.060 units (a) Calculate the activity rate for each cost pool. $ Machine setup 73 / setup $ 315 / test Inspection $ 78 /PO Materials receiving Save for Later Last saved 30 minutes ago. Attempts: 0 of 1 used Submit