Waterway, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instrume and 200 pressure gauges were produced, and overhead costs of $87,550 were estimated. An analysis of estimated overhead costs reveals the following activities. Cost Drivers Total Cost 1. $40,800 Activities Materials handling Machine setups Quality inspections Number of requisitions Number of setups 2 25,750 3. Number of inspections 21,000 $87,550 The cost driver volume for each product was as follows Instruments Gauges Total Cost Drivers Number of requisitions Number of setups 385 635 1,020 210 305 515 Number of inspections 240 260 500 Your answer is correct. Determine the overhead rate for each activity. Ovelhead Rate Materials handling 40 per requisition Machine setups 50 per setup Quality inspections 42 per inspection Assign the manufacturing overhead costs for April to the two products using activity-based costing. (Round per unit answers to 2 decimal places, e.g. 12.25) Instruments Gauges Total cost assigned Overhead cost per Unit $ $