Required information Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost Estimated Cost Driver $ 699,600 22,000 machine hours 108,120 530 batches 168,560 980 inspections equired: Compute the activity rates for each of the following activity pools. lote: Round your answers to 2 decimal places. Machining Setup Quality Control per Machine Hour per Batch per Inspection

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.