Steel Company uses activity-based corting and reports the following for this year. Compute an activity rate for each activity ang action based costing activity Budgeted cost Activity Cost Driver Budgeted Activity usage cutting $ 65,000 Machine hours (H) 2,500 machine hours Assembly 292,500 Direct labor hours (OLH) 6,500 direct labor hours Total $ 357,500 Muriple Choice 57 per MH for Cutting: 533 per DH for Assembly $40 per Mat for Cunting: 540 per DH for Assembly $26 per Motor Cutting, 545 per DH for Asembly 326 per Mh for Culting 5117 per DH for Assembly 545 per MH for Cutting: 526 per DLH for Assembly