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

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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 Cutting Assembly Total Budgeted Cost Activity Cost Driver $ 72,800 303,600 Machine hours (MH) Direct labor hours (DLH) $ 376,400 Budgeted Activity Usage 2,600 machine hours 6,600 direct labor hours 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 Cutting Assembly Total Budgeted Cost Activity Cost Driver $ 72,800 303,600 Machine hours (MH) Direct labor hours (DLH) $ 376,400 Budgeted Activity Usage 2,600 machine hours 6,600 direct labor hours