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 $450,000 Machine hours Assembly 130,000 Direct labor hours Inspecting 36,750 Number of inspections Setup 53,350 Number of setups Materials handling 29,450 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 5,680 12,320 18,000 Direct labor hours 3,900 2,600 6,500 Number of inspections 320 730 1,050 Number of setups 330 220 550 Number of loads 560 390 950 Units produced 3,900 4,100 8,000 online filo nen the chreadsheet Units produced 3,900 4,100 8,000 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 Activity Rate Casting $ per machine hour Assembly per direct labor hour Inspecting per inspection Setup I 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 $ $