The total factory overhead for Norton Company is budgeted for the year at $300,000, divided into three activities: assembly, $200,000; setup, $50,000; and materials handling, $150,000. Norton manufactures two products: Product A and Product B. The activity-based usage quantities for each product by each activity are estimated as follows:Assembly Setup Materials HandlingProduct A 5,000 dlh 60 setups 25 movesProduct B 15,000 dlh 110 setups 250 movesTotal activity-base usage 20,000 dlh 170 setups 275 movesWhat is the activity rate for the setup activity (round to the nearest dollar)?a.$166 per setupb.$294 per setupc.$1,764 per setupd.$118 per setup