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 $ 87,170 were estimated. An analysis of estimated overhead costs reveals the following activities. 1 2 Activities Cost Drivers Total Cost Materials handling Number of requisitions $41,000 Machine setups Number of setups 26,010 Quality inspections Number of inspections 20,160 $ 87,170 3. The cost driver volume for each product was as follows. Instruments Gauges Total Cost Drivers Number of requisitions Number of setups 405 595 1,000 195 315 510 Number of inspections 255 225 480 Determine the overhead rate for each activity Overhead Rate Materials handling per requisition Machine setups per setup Quality inspections $ per inspection eTextbook and Media Assign the manufacturing overhead costs for April to the two products using activity based costing. (Round per unit answers to 2 decimal places es. 1225) Instruments Gauges Total cost assigned Overhead cost per Unit