Waterway Company identifies three activities in its manufacturing process machine setups, machining and inspections. Estimated annual overhead cost for each activity is $211,700, $446,400, and $83.200, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2.900. machine hours 24.800, and number of inspections 1.600 Compute the overhead rate for each activity, Machine setups $ per setup Machining $ Dermachine hour Inspections S per inspection e Textbook and Media 5 for Lite Attempts: of 3 used