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 $ 108,800 384,800 $ 493,600 Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) Budgeted Activity Usage 3,400 machine hours 7,400 direct labor hours Multiple Choice $10 per MH for Cutting: $36 per DLH for Assembly. $46 per MH for Cutting; $46 per DLH for Assembly. $32 per MH for Cutting; $52 per DLH for Assembly. O $52 per MH for Cutting; $32 per DLH for Assembly. $32 per MH for Cutting: $113 per DLH for Assembly. O