Exercise 4-9 a-b (Video) Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure gauges were produced, and overhead costs of $87,550 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities 1. 2. 3. Materials handling Machine setups Quality inspections Cost Drivers Number of requisitions Number of setups Number of inspections Total Cost $40,800 25,750 21,000 $87,550 The cost driver volume for each product was as follows. Cost Drivers Number of requisitions Number of setups Number of inspections Instruments 385 210 240 Gauges 635 305 260 Total 1,020 515 500 Determine the overhead rate for each activity. Overhead Rate Materials handlings per requisition Machine setups per setup Quality inspections per inspection LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE 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 $ : Overhead cost per Unit