Steel Company uses activity-based costing and reports the following for this year. Compute an activity rate for each activity using activitybased costing. Multiple Choice $7 per MH for Cutting; \$31 per DLH for Assembly. $38 per MH for Cutting; \$38 per DLH for Assembly. $44 per MH for Cutting; \$24 per DLH for Assembly. $24 per MH for Cutting; \$103 per DLH for Assembly. $24 per MH for Cutting; \$44 per DLH for Assembly