Required information (The following information applies to the questions displayed below. Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $ 29,200 $ 7,000 $ 18,000 $ 24,000 $ 24,000 $ 47,600 $ 59,600 Expected Activity 4,000 direct labor-hours 7,000 machine-hours 500 setups 500 orders 1,200 tests 3,400 packages 4,000 direct labor-hours Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Activity Rate per DLH per MH per setup per order per test per package per DLH Required information [The following information applies to the questions displayed below.] Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $ 29,200 7,000 $ 18,000 $ 24,000 $ 24,000 $ 47,600 $ 59,600 Expected Activity 4,000 direct labor-hours 7,000 machine-hours 500 setups 500 orders 1,200 tests 3,400 packages 4,000 direct labor-hours 2. Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor-hours. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH