Gilardi Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: EEB (Click the icon to view activities, total costs, and cost drivers.) During May, Larry and Arabella Gilardi machined and assembled Job 553. Larry worked a total of 11 hours on the job, while Arabella worked 7 hours on the job. Larry is paid a $25 per hour wage rate, while Arabella is paid S30 per hour because of her additional experience level. Direct materials requisitioned for Job 553 totaled $1,200. The following additional information was collected on Job 553: The job required 2 machine setups, 6 machine hours, and 3 quality control tests. 1 Compute the activity cost allocation rates for the year 2. Cmplete the job cost record for Job 553. First detemine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. Activity cost allocation rate Machine setups Machining Quality control 2. Complete the following job cost record for Job 553. Job Cost Record JOB 553 Direct material Direct labor Manufacturing overhead Total job cost per setup per machine hour per QC test Manufacturing Costs