Dickerson Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, Indirect manufacturing costs, and son of cost drivers have been estimated for the year TL (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information) Read the requirements O 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 Activity cost atlocation rate Data table Estimated Total Manufacturing Overhead Costs Activity Estimated Total Usage of Cost Driver Machine setup $ 140,300 3,050 setups 825,000 5,000 machine hours Machining Quality control 391,000 4,600 tests run Print Done More info During May, Joe and Cirilla Dickerson machined and assembled Job 242. Joe worked a total of 10 hours on the job, while Cirilla worked 4 hours on the job. Joe is paid a $25 per hour wage rate, while Cirilla is paid $29 per hour because of her additional experience level. Direct materials requisitioned for Job 242 totaled $1,250. The following additional information was collected on Job 242: The job required 2 machine setups, 7 machine hours, and 3 quality control tests. Requirements th 1. Compute the activity cost allocation rates for the year. 2. Complete the job cost record for Job 242. Print Done