At year-end, ABC Company is beginning its closing process. Use the following account balances to demonstrate the closing of its revenue accounts. Account Debit Credit
Service Fees $15,000
Consulting Revenue $12,000
Supplies Expense $900
Rent Expense $600
Dividends $80

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection