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: (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements 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, en calculate the rate for each activity. Total manufacturing overhead Machine setups Est. total use of cost driver = Activity cost allocation rate per setup