21. Tunes & More, Inc. manufactures speakers and receivers and uses activity-based costing. The following information is available: Expected Use of Activity Cost Pool Estimated Overhead Cost Driver per Activity Ordering $168,000 24,000 orders Soldering 192,000 64,000 machine hours Inspecting 900,000 120,000 labor hours Packing 840,000 56,000 boxes Instructions Compute the activity-based overhead rates. 22. Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs Tables Total Cost Machine setups 200 600 S48,000 Inspections 470 $72,000 Labor hours 2,600 2,400 250 Hayward is considering switching from one overhead rate based on labor hours to activity-based costing. Instructions Perform the following analyses for these two components of overhead: a. Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. b. Compute total machine setups and inspection costs assigned to each product, using activity-based costing. 23. A list of possible cost drivers is presented below: Code A Engineering hours B Setups C Machine hours Code D Number of subassemblies E Boxes F Orders Instructions For each of the following activity cost pools, select the most appropriate cost driver: Code Cost Pool 1. Machine setup 2. Ordering and receiving 3. Packaging and shipping 4. Engineering design 5. Machining 6. Assembly