Fontillas Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, it produced 50 range instruments and 250 pressure gauges and incurred estimated overhead costs of $94,820. An analysis of estimated overhead costs reveals the following activities: Activities Cost Drivers Total Cost 1. Material handling Number of requisitions $32,760 2. Machine set-ups Number of set-ups 28,060 3. Quality inspections Number of inspections 34,000 $94,820 The cost driver volume for each product was as follows: Instruments Gauges 480 690 Cost Drivers Number of requisitions Number of set-ups Number of inspections Total 1,170 460 150 310 260 420 680 Determine the overhead rate for each activity. The overhead rates are: Rate Activity Cost Pool Material handling per requisition Machine set-ups per set-up 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. Instruments Gauges Overhead cost per unit