Given the following information, what is the Indirect Cost allocation rate for Setup costs? Estimated Set up costs = $100,000 (based on Machine Hours). Total Direct Labor hours are 20,000 hours. Direct Labor Costs are $60,000. Total Machine Hours are 10,000. O $5 per Direct Labor Hour O $5 per Machine Hour NP O $10 per Machine Hour O $10 per Direct Labor Hour

Given the following information, what is the Indirect Cost allocation rate for Setup costs? Estimated Set up costs =$100,000 (based on Machine Hours). Total Direct Labor hours are 20,000 hours. Direct Labor Costs are $60,000. Total Machine Hours are 10,000 . $5 per Direct Labor Hour $5 per Machine Hour $10 per Machine Hour $10 per Direct Labor Hour