Activity Rates and Product Costs using Activity Based Costing Lonsdale Inc, manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activi costs and activity bases are as follows Budgeted Activity Activity Cost Activity Base Casting $279,180 Machine hours Assembly 185,640 Direct labor hours Inspecting 34,450 Number of inspections Setup 50.040 Number of setups Materials handling 36,540 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 5.480 4,850 10,340 Durect labor hours 4,720 7,070 11,790 Number of inspections 2,010 640 2,650 Number of setups 290 70 360 Number of loads 690 180 870 Units produced 10,800 5,400 16,200 a. Determine the activity rate for each activity. If required, round the rate in the artit del Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity base usage quantities and units produced follo Activity Base Entry Dining Total Machine hours 5,480 4,860 10,340 Direct labor hours 4,720 7,070 11,790 Number of inspections 2,010 640 2,650 Number of setups 290 70 360 Number of loads 690 180 870 Units produced 10,800 5,400 16,200 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Activity Rate Casting per machine hour per direct lobor hour Assembly Inspecting per inspection per setup Setup Materials handling Der load h. Use the activity rates in (a) to determine the total and per unit activity costs associated with each product. Round the per unit amounts to the nearest cent. Product Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures