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Seta, Inc. identifies three activities in its manufacturing process: machine setups, machining, and inspecting. Estimated annual overhead cost for each activity is $ 9 0

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Seta, Inc. identifies three activities in its manufacturing process: machine setups, machining, and inspecting. Estimated annual overhead cost for each activity is $90,000,$115,500, and $55,000, respectively. The cost driver for each activity and the estimated annual usage are number of setups 750, machine hours 33,000, and number of inspections 12,500. Compute the overhead rate for each activity. (Round your answers to two decimal places (e.g.,12.25).)
\table[[,Estimated Overhead Cost,Estimated Usage,Overhead Rate,],[Machine setups,$90,000,750,$,per setup],[Machining,$115,500,33,000,$,per machine hour],[Inspecting,$55,000,12,500,$,per inspection],[,,,Attempts: 0 of 3 used,]]
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