Dickerson Industries, a small, family-run manufacturer, has adopted an ABC system. The following mar (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements. 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dow First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate Total manufacturing overhead + Est. total use of cost driver = Activi Machine setups $ 159,300 2,950 11 $ 54 Machining $ 959,500 5,050 $ 19 Quality control $ 414,000 4,600 = $ 66 2. Complete the following job cost record for Job 553. Job Cost Record JOB 553 Direct material Direct labor Manufacturing overhead Total job cost.... **** Manufacturing Costs adopted an ABC system. The following manufacturing activities, indirect ivers.) Data table Points: 0.73 of 1 Estimated Total Manufacturing Estimated Total Usage Activity Overhead Costs of Cost Driver Machine setup.... Machining $ 159,300 2,950 setups $ 959,500 5,050 machine hours ound your answers to the nearest whole dollar.) or the activity-based cost rate, then calculate the rate for each activity. Quality control... Est. total use of cost driver =Activity cost allocation rate 2,950 5,050 4,600 $ 54 per setup $ 190 per machine hour 90 per QC test 414,000 4,600 tests run Print Done More info During May, Jarrod and Civilla Dickerson machined and assembled Job 553. Jarrod worked a total of 9 hours on the job, while Civilla worked 5 hours on the job. Jarrod is paid a $25 per hour wage rate, while Civilla is paid $30 per hour because of her additional experience level. Direct materials requisitioned for Job 553 totaled $1,350. The following additional information was collected on Job 553: The job required 2 machine setups, 6 machine hours, and 2 quality control tests. Print Done