Dickerson Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect (Click the icon to view activities, total costs, and cost drivers) (Click the icon for additional information) Read the mouirements Data table 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity Total manufacturing overhead Machine setups S 159.300 Machining $ 959.500 Quality control S 414,000 Est. total use of cost driver 2.950 5,050 4,000 Activity cost allocation rate $ 54 per setup -$190 per machine hour $90 per QC test Activity Machine setup Machining Quality control....... 2. Complete the following job cost record for Job 553 Job Cost Record JOB 555 Direct material Direct labor Manufacturing overhead Totaljob cost Manufacturing Costs Points: 0.73 of 1 Estimated Total Manufacturing Estimated Total Usage Overhead Costs of Cost Driver 159.300 2,950 setup $ 958,500 5.050 machine hours 414.000 4.600 tests un Print Done