Sheridan, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure gauges were produced, and overhead costs of $ 82,400 were estimated. An analysis of estimated overhead costs reveals the following activities. 1. Activities Materials handling Machine setups Quality inspections Cost Drivers Number of requisitions Number of setups Number of inspections Total Cost $32,960 26,780 22,660 2. 3. $ 82,400 The cost driver volume for each product was as follows. Instruments Gauges Total 425 605 1.030 Cost Drivers Number of requisitions Number of setups Number of inspections 220 295 515 235 280 515 (a) Determine the overhead rate for each activity. Overhead Rate Materials handling $ per requisition Machine setups $ per setup Quality inspections per inspection Save for Later Attempts: 0 of 1 used Submit