Activity Rates and Product Costs using Activity Bacod Corting Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated hudortof nie costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $320,640 Machine hours Assembly 171,300 Direct lobor hours Inspecting 29,520 Number of inspections Setap 50,040 Number of setups Materials handling 39,060 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity hast usage quantities and units produced follow Activity Base Entry Dining Total Machine hours 5,310 4,719 10,020 Direct labor hours 4,520 6,850 11,420 Number of inspections 1,870 590 2,460 Tumber of setup 200 20 360 Number of loads 730 200 930 Units produced 10,600 5,300 15.900 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar Activity Activity Rate eBook Coolers wees om te promote pour Activity Base Entry Dining Total Machine hours 5,310 4,710 10.020 Direct labor hours 4,570 6,850 11.420 Number of inspections 1,870 590 2460 Number of setups 290 70 360 Number of loads 730 200 930 Units produced 10,600 5,300 15,900 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Activity Rate Casting per machine bour Assembly per direct labor hour Inspecting per inspection Setup s per setup Materials handling S perload b. Use the activity rates in () to determine the total and ponunt activity costs associnted with each product. Round the per unit amounts to the nearest cent. Product Total Activity Cost Activity Cost Per tinit Entry Lighting Fixtures Dining Room Lighting Fixtures