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 Cost Driver Machine hours (MH) Direct labor hours (DLH) Budgeted Activity Usage 3,200 machine hours 7,200 direct labor hours Activity Budgeted Cost $ 89,600 360,000 $ 449,600 Cutting Assembly Total Multiple Cholce $28 per MH for Cutting: $50 per DLH for Assembly $50 per MH for Cutting: $28 per DLH for Assembly. $9 per MH for Cutting: $35 per DLH for Assembly $28 per MH for Cutting: $113 per DLH for Assembly $43 per MH for Cutting: $43 per DLH for Assembly

\begin{tabular}{|c|c|c|c|} \hline ontike & s. 19,400 & Activity lost piver & buderted estivity wane \\ \hline Autrably & seb, ias & Mechlies hours (H) & 3,200 martifine howes \\ \hline fotal & & & 7.ten theert telor hours. \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline ontike & s. 19,400 & Activity lost piver & buderted estivity wane \\ \hline Autrably & seb, ias & Mechlies hours (H) & 3,200 martifine howes \\ \hline fotal & & & 7.ten theert telor hours. \\ \hline \end{tabular}