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 activity costs and activity bases are as follows: Budgeted Activity Cost Activity Activity Base Casting $360,000 Machine hours Assembly 88,000 Direct labor hours Inspecting 35,700 Number of inspections Setup 48,950 Number of setups Materials handling 36,000 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 4,740 10,260 15,000 Direct labor hours 3,300 2,200 5,500 Number of inspections 590 460 1,050 Number of setups 330 220 550 Number of loads 800 1,000 Units produced 4,200 2,300 6,500 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 Onen spreadsheet a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Activity Rate Casting 24 per machine hour Assembly $ 16 per direct labor hour Inspecting $ 34 per inspection Setup $ 89 per setup Materials handling 36 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 $ Coodboala