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	Activity Cost Driver	Budgeted Activity Usage
Cutting	$ 60,900	Machine hours (MH)	2,100	machine hours
Assembly	256,200	Direct labor hours (DLH)	6,100	direct labor hours
Total	$ 317,100

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 $ 60,900 256,200 $ 317,100 Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) Budgeted Activity Usage 2,100 machine hours 6,100 direct labor hours Multiple Choice $42 per MH for Cutting: $29 per DLH for Assembly. $39 per MH for Cutting: $39 per DLH for Assembly. $29 per MH for Cutting; $122 per DLH for Assembly. $29 per MH for Cutting; $42 per DLH for Assembly. O $7 per MH for Cutting: $31 per DLH for Assembly