WP Ch7 ABC product cost X WP NWP Assessment Player UI Ap; X + C a education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=6932ef75-da7d-4288-ald7-eOdd1985d1ed#/question/1 Ch7 ABC product cost Question 2 of 3 8.5 / 17 ... Sheffield Industries manufactures several products including a basic case for a popular smartphone. The company is considering adopting an activity-based costing approach for setting its budget. The company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. Cost Driver Activity Activity Overhead $ Cost Driver Quantity Machine setup $ 238,500 # of setups 2,650 Inspection 219,950 # of quality tests 530 Materials receiving 421,400 # of purchase orders 4,300 The budgeted data for smartphone case production are as follows. Direct materials $3.10 per unit Direct labor $0.42 per unit Number of setups 265 Number of quality tests 465 Number of purchase orders 55 Production 317,450 unitsWP Ch7 ABC product cost X WP NWP Assessment Player UI Ap; X + C a education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=6932ef75-da7d-4288-a1d7-eOdd1985d1ed#/question/1 Ch7 ABC product cost Question 2 of 3 > 8.5 / 17 ... (a) V Your answer is correct. Calculate the activity rate for each cost pool. to 90 Machine setup / setup to Inspection 415 / test LA 98 Materials receiving / PO e Textbook and Media Attempts: 2 of 3 used (b) E Calculate the activity-based unit cost of the smartphone case. (Round answer to 2 decimal places, e.g. 15.25.) E Activity-based unit cost $