QuestionConcord Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $\$ 163,300, \$ 428,400$, and $\$ 89,300$, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,300 , machine hours 25,200 , and number of inspections 1,900.
Compute the overhead rate for each activity.
Machine setups \$$\square$ per setup
Machining \$$\square$ per machine hour
Inspections \$$\square$ per inspection