V Activity-Based Costing (15 points) Tuttle Manufacturing Company manufactures two products: radiators and gas tanks. During June, 200 radiators and 400 gas tanks were produced and overhead costs of $66,000 were incurred. The following information related to overhead costs was available: Activity Cost Driver Total Cost Materials handling Number of requisitions $28,000 Machine setups Number of setups 18,000 Quality inspections Number of inspections 20,000 The cost driver volume for each product was as follows: Cost Driver Radiators Gas Tanks Total Number of requisitions 300 500 800 Number of setups 140 220 360 Number of inspections 200 300 500 Instructions (a) Compute the overhead rate for each activity. (b) Assign the manufacturing overhead costs for June to the two products using activity-based costing