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risers, hancers, hand rails) permit installation of stairways of varying lengths and widths. All are of white oak wood, Budgeted manufacturing overhead costs for the year 2020 are as follows For the last 4 years Swifty Co, has becn charging overhead to products on the basis of machine hours. For the year 2020,100.000 machine hours are budgeted. Jeremy Nolan, owner-manager of Swifty Co, recently directed his accountant, Bill Seagren, to implement the activity-based costing machine hours are budgeted. Jeremy Nolan, owner manager of Swifty CO, recently directed his accountant, Bill Seagren, to implement the activity-based costing system that he has repeatedly proposed. At Jeremy Nolan's request, Bill and the production foreman identify the following cost drivers and their usage for the previously budgeted overhesd cost pools. Steve Hannon, sales manager, tas recelved an order for 250 stairwiys trom Community Bulders, Inc., a large housing development Steve Hannon, sales manager, has received an order for 250 stairways from Community Bulders, inc, a large housing development contractor. At Steve's request, Bill prepares cost estimates for producing components for 250 stairways so Steve can submit a contract price per stairway to Cocmmunity Builders. He accumulates the following data for the production of 250 stairways. Compute the predetermined overhead rate using traditional costing with machine hours as the basis. (Round answer to 2 . decimal places,es. 12.25.) Predetermined overhead rate 5 per machine hour eTextbook and Media Attempts: 1 of 5 use (b) What is the manutacturing cost por stairwayunder traftional costing? (Round answer to 2 decimal place, es. 12.25.) Cost perstairway