Mia Company uses activity-based costing and reports the following. The company budgets 3,600 machine hours and 7,600 direct labor hours for the year. Activity (Cost driver) Cutting (machine hours) Assembly (direct labor hours) Total Budgeted Cost $ 25,200 76,000 $ 101,200 (a) Compute an overhead activity rate for each activity using activity-based costing. (b) Allocate overhead costs to a product that used 28 machine hours and 23 direct labor hours. Complete this question by entering your answers in the tabs below. Required A Required B Compute an overhead activity rate for each activity using activity-based costing. Cutting Assembly Activity Budgeted Cost Budgeted Activity Usage Activity Rate