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 Cost Cutting Assembly Total $ 58,000 310,500 Activity Cost Driver Machine hours (MH) Budgeted Activity Usage 2,900 machine hours. Direct labor hours (DLH) 6,900 direct labor hours $ 368,500 Multiple Choice $20 per MH for Cutting; $107 per DLH for Assembly. $45 per MH for Cutting; $20 per DLH for Assembly. $6 per MH for Cutting; $32 per DLH for Assembly. $20 per MH for Cutting; $45 per DLH for Assembly. $38 per MH for Cutting; $38 per DLH for Assembly.