Tiber corp. purchased land for $76,000. additionally, tiber paid title insurance of $500, a commission of $8,000, and back taxes due in the amount of $3,000. to ready the land for construction, tiber paid $8,000 to remove an unwanted building, $1,000 to level and grade the property, and $9,000 for paving. the cost of the company's land is and the land improvements are

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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

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