Wedge Industries, a family-run small manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: During May, Jim and Driscilla Wedge machined and assembled Job 557. Jim worked a total of 9 hours on the job, while Driscilla worked 7 hours on the job. Jim is paid a $25 per hour wage rate, while Driscilla is paid $32 per hour because of her additional experience level. Direct materials requisitioned for Job 557 totaled $1,350. The following additional information was collected on Job 557: The job required 2 machine setups, 5 machine hours, and 2 quality control tests. First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity