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.) (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.) Machine setups (per setup) Machining (per machine hour) Quality control (per QC test) Activity cost allocation rate 2. Complete the following job cost record for Job 557. Job Cost Record JOB 557 Direct material Direct labor..... Manufacturing Costs More info During May, Joe and Priscilla Ming machined and assembled Job 557. Joe worked a total of 10 hours on the job, while Priscilla worked 6 hours on the job. Joe is paid a $25 per hour wage rate, while Priscilla is paid $32 per hour because of her additional experience level. Direct materials requisitioned for Job 557 totaled $1,300. The following additional information was collected on Job 557: The job required 3 machine setups, 4 machine hours, and 3 quality control tests. Data table X Activity Machine setup Manufacturing overhead. Total job cost. Print Done Estimated Total Manufacturing Overhead Costs Estimated Total Usage of Cost Driver $ 150,800 2,900 setups Machining Quality control $ 857,500 4,900 machine hours $ 236,500 4,300 tests run Print Done