P40 P 3.75 P 1.25 P8 What is the activity rate for purchasing? * (1 Point) BREAD Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year. Activity setups purchasing Cost P 240,000 160,000 300,000 Driver number of setups number of parts Amount of driver 6,000 20,000 other overhead direct labor hours 80,000 The following information about the jobs was given for September. Job 101 Job 102 Job 103 Job 104 Balance 9/1 P64,900 P40,770 P30,500 0 direct materials 54,000 37,900 25,000 11,000 direct labor 80,000 38,500 43,000 21,000 number of setups 40 10 30 200 number of parts 300 80 400 500 direct labor hours 5,000 2,400 5,200 1,200 By September 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.