Kirby 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: 5 Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements Data Table - X 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. = Activity cost allocation rate per setup Machine setups per machine hour Machining Quality control Estimated Total Manufacturing Estimated Total Usage Activity Overhead Costs of Cost Driver Machine setup 147,900 2,900 setups Machining $ 742,500 4,950 machine hours Quality control .......$ 242,000 4,400 tests run = per QC test 2. Complete the following job cost record for Job 456. Job Cost Record JOB 456 Manufacturing Costs Print Done Direct material Direct labor - X Requirements X Manufacturing overhead .... More Info Total job cost 1. Compute the activity cost allocation rates for the year. 2. Complete the job cost record for Job 456. During May, James and Driscilla Kirby machined and assembled Job 456. James worked a total of 11 hours on the job, while Driscilla worked 7 hours on the job. James is paid a $25 per hour wage rate, while Driscilla is paid $32 per hour because of her additional experience level. Direct materials requisitioned for Job 456 totaled $1,200. The following additional information was collected on Job 456 The job required 1 machine setup, 4 machine hours, and 2 quality control tests. Print Done Print Done Choose from any list or enter any number in the input fields and then continue to the next