Morgana Company identifies three actives in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for activity is $150,000, $375,000, and $87,500, respectively. The cost driver for each activity and the expected annual usage are number of setups 2,500, machine hours 25,000, and number of Inspections 1,750. Compute the overhead rate for each activity. By accessing this Question Assistance, you will learn while you earn points bated on the Point Potential Policy set by your instructor