Activity rates and product costs using activity based costing Lonsdale Inc. manufactures entry and dining room lighting futures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting 3416,000 Machine hours Assembly 105,000 Direct labor hours Inspecting 37,050 Number of inspections Setup 55,800 Number of setups Materials handling 33,150 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 10,950 16,000 Direct labor hours 3,600 2,400 6,000 Number of inspections 640 310 950 Number of setups 360 740 600 Number of loads 530 320 850 Units produced 4,300 3,200 7,500 This information has been collected in the Microsoft Excel Online file Open the spreadsheet, perform the regured analysis, and trout your answers in the questions below 5,050 Open spachet Determine the activity rate for each activity. It required, round the rate to the nearest dollar Activity Activity Rate Casting $ per machine hour Previous Next) Check My Work All Workea Email Instructor Save and Est Submit Assignment for Grading DU Number of inspections 640 310 950 Number of setups 360 240 600 Number of loads 530 320 850 Units produced 4,300 3,200 7,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below x Open spreadsheet a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar Activity Rate Activity Casting $ per machine hour Assembly $ per direct labor hour Inspecting $ per inspection per load Setup $ per setup Materials handling $ b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit rates to the nearest cent Product Total Activity Cost Activity Cost Per Unit 5 Entry Lighting Fixtures Dining Room Lighting Fixtures $ $