Calculate the activity-based rate of setups

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Case: Mavericks, Inc. is a manufacturing company. They have traditionally used a single, predetermined overhead rate to allocate overhead to their products. However, they are in the process of implementing an activity-based costing system to help them more accurately allocate overhead. Below are the identified activities and driver information: Activity Estimated overhead Volume of driver Setups $315,000 30,000 setups Machining $680,000 175,000 machine hours Inspections $75,000 14,000 inspections Based on the above information calculate the activity-based rate of setups (round to nearest cent).

Reference no: EM133328331

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