Question 3 of 14 -/15 View Policies Current Attempt in Progress Waterway Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $211,700, $446,400, and $83,200, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,900, machine hours 24,800, and number of inspections 1,600 Compute the overhead rate for each activity, Machine setups $ per setup Machining $ per machine hour Inspections per inspection e Textbook and Media Question 4 of 14 -/15 Coronado, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Overhead $95,956 480.700 1,608,880 Estimated Use of Cost Drivers per Activity 14.900 orders 57,500 machine hours 442,000 labor hours For 2020, the company had 10,900 orders and used 50.100 machine hours, and labor hours totaled 506,000. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, eg. 12.25.) Overhead Rates Ordering and receiving $ per order Food processing S per machine hour Packaging S per labor hour Question 4 of 14