22. Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs 200 250 Total Cost C $48,000 $72,000 Tables 600 Machine setups Inspections Labor hours 470 000 2,600 2,400 Hayward is considering switching from one overhead rate based on labor hours to activity-based costing. Instructions costs Perform the following analyses for these two components of overhead: 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. a. .ty dollers 23. A list of possible cost drivers is presented below: uct nes. The saleCodethe product lines is: Standard, 60% D Number of subassemblies Code Engineering hours B Setups C Machine hours A nd es F Orders Instructions point For each of the following activity cost pools, select the most appropriate cost driver: Cost Pool Code 1. Machine setup 2. Ordering and receiving 3. Packaging and shipping 4. Engineering design 5. Machining 6. Assembly