Take Test: Exam #1 - Short An: X 1818 5 X + C mycourses.binghamton.edu/webapps/assessment/take/take.jsp?course_assessment_id=_15913_1&course_id=_203175_1&content_id=_1029491_1&question.. i:: G Gmail YouTube W B A mi Welcome, Qirui-... Question Completion Status: Musich Corporation has an activity-based costing system with three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, have been allocated to the cost pools already and are provided in the table below. Activity Cost Pools Machining Setting Up Other Total Equipment depreciation $ 9400 $ 48,700 $ 23,800 $ 81,900 Indirect labor 4500 2900 4100 11,500 Total $ 13,900 $ 51,600 $ 27,900 $ 93,400 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs appear below: MHs Batches Product 23 5000 750 Product T1 6200 1350 Total 12.200 2100 Product 23 Product T1 Sales (total) $ 230,800 $ 255,500 Direct materials (total) $ 84,000 $ 97,600 Direct labor (total) 110,000 $ 105,200Question Completion Status: Direct materials (total) 84,000 $ 97,600 Direct labor (total) $ 110,000 $ 105,200 Required: Calculate the following: Machining Activity Rate Setting up Activity Rate Amount of OH applied to product Z3 (round to the nearest dollar) Amount of OH applied to product T1 (round to the nearest dollar) Product Margin - Z3 (round to the nearest dollar) Product Margin - T1 (round to the nearest dollar) Moving to another question will save this response