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Steel Company uses activity-based costing and reports the following for this year. Compute an activity rate for each activity using activity-based costing Activity Budgeted

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Steel Company uses activity-based costing and reports the following for this year. Compute an activity rate for each activity using activity-based costing Activity Budgeted Activity Usage 4,000 machine hours Budgeted Cost Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) 8,000 direct labor hours $144,000 464,000 Cutting Assembly Total $ 608,000

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