Exercise 17-9 Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 51 range instruments and 305 pressure gauges were produced, and overhead costs of $85,890 were estimated. An analysis of estimated overhead costs reveals the following activities. Cost Drivers Activities Total Cost Number of requisitions Materials handling $37,620 1. Number of setups 26,950 2. Machine setups Number of inspections 3. Quality inspections 21,320 $85,890 The cost driver volume for each product was as follows. Cost Drivers Instruments Gauges Total Number of requisitions 385 660 1,045 Number of setups 175 315 490 Number of inspections 275 245 520 Determine the overhead rate for each activity. Overhead Rate Materials handling 2$ Machine setups Quality inspections %24 Assign the manufacturing overhead costs for April to the two products using activity-based costing. (Round per unit answers to 2 decimal places, e.g. 12.25.) Instruments Gauges Total cost assigned %24 Overhead cost per Unit 24