Activity Rates and Product Costs using Activity-Based Costing Garfield Inc, manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. TI activities and their assodated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $351,900 Machine hours Assembly 188,800 Direct labor hours Inspecting 27,170 Number of Inspections Setup 53,580 Number of setups Materials handling 47,300 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-b quantities and units produced follow: Activity Base Entry Dining Total Machine hours 4,860 10,350 5,490 4,720 Direct labor hours 7,080 Number of inspections 1,590 11,800 2,090 500 Number of setups 310 70 380 Number of loads 870 230 1.100 Units produced 11,000 5,500 16,500 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Activity Rate Casting per machine hour Assembly per direct labor hour Inspecting per inspection Setup per setup Materials handling per load 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 Entry Lighting Fixtures Dining Room Lighting Fixtures