9 25 points) Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs Tables Total Cost 600 470 2,400 Machine setups $48,000 $72,000 200 Labor hours 2,600 Hayward is considering switching from one overhead rate based on labor hours to activity-based costing. 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. Compute total machine setups and inspection costs assigned to each product, using activity- based costing b. c. Comment on your findings