Ming 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.) During May, Jarrod and Alisha Ming machined and assembled Job 405. Jarrod worked a total of 12 hours on the job, while Alisha worked 5 hours on the job. Jarrod is paid a $25 per hour wage rate, while Alisha is paid $31 per hour because of her additional experience level. Direct materials requisitioned for Job 405 totaled $1,125. The following additional information was collected on Job 405: The job required 1 machine setup, 5 machine hours, and 3 quality control tests. 1 Compute the activity cost allocation rates for the year 2 Complete the job cost rcofor Job 405. Data Table 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. Estimated Total Manufacturing Overhead Costs Activity cost allocation rate Estimated Total Activity Machine setup Machining Quality control 143,350 875,000 236,500 Usage of Cost Driver 3,050 setups 5,000 machine hours 4,300 tests run