Sotir Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: EEB (Click the icon to view activities, total costs, and cost drivers.) During May, Larry and Driscilla Sotir machined and assembled Job 553. Larry worked a total of 10 hours on the job, while Driscilla worked 6 hours on the job. Larry is paid a $25 per hour wage rate, while Driscilla is paid $31 per hour because of her additional experience level. Direct materials requisitioned for Job 553 totaled $1,075. The following additional information was collected on Job 553: The job required 1 machine setup, 5 machine hours, and 3 quality control tests. 1.Compute the activity cost allocation rates for the year. 2. Complete the job cost record for Job 553. Data Table 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) Estimated Total Manufacturing Overhead Costs First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. Estimated Total Activity cost allocation rate Activity Machine setup Machining Quality control 152,500 841,500 276,000 Usage of Cost Driver 3,050 setups 5,100 machine hours 4,600 tests run