Mia Company uses activity-based costing and reports the following. The company budgets 2,200 machine hours and 6,200 direct labor hours for the year. (a) Compute an overhead activity rate for each activity using activity-based costing. (b) Allocate overhead costs to a product that used 21 machine hours and 16 direct labor hours. Complete this question by entering your answers in the tabs below. Compute an overhead activity rate for each activity using activity-based costing