Dickerson Industries, a small, family-run manufacturer, has adopted an ABC system. The following mar (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements. 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole do First determine the formula to compute the allocation rate for the activity-based cost rate, then calculat- Activi + Est. total use of cost driver Total manufacturing overhead 159,300 54 = $ 2,950 Machine setups 19 $ 5,050 $ 959,500 Machining Quality control 4,600 = $ 90 $ 414,000 2. Complete the following job cost record for Job 553. Job Cost Record Manufacturing Costs JOB 553 Direct material Direct labor Manufacturing overhead Total job cost. Points: 0.73 of 1 adopted an ABC system. The folowing manufacturing activities, indirect Fivers.) Data table Activity Machine setup... Machining Quality control .... Estimated Total Manufacturing Estimated Total Usage Overhead Costs of Cost Driver 159,300 2.950 setups $ 959,500 5,050 machine hours 414,000 4,600 tests run Found your answers to the nearest whole dollar.) or the activity-based cost rate, then calculate the rate for each activity. Est. total use of cost driver = Activity cost allocation rate 2,950 = $ 54 per setup 5,050 = $ 190 per machine hour 4,600 per QC test Print Done = $ 90 More info During May, Jarrod and Civilla Dickerson machined and assembled Job 553. Jarrod worked a total of 9 hours on the job, while Civilla worked 5 hours on the job. Jarrod is paid a $25 per hour wage rate, while Civilla is paid $30 per hour because of her additional experience level. Direct materials requisitioned for Job 553 totaled $1,350. The following additional information was collected on Job 553: The job required 2 machine setups, 6 machine hours, and 2 quality control tests. Print Done