Chri ereblem 3. (12 pointa) Hayward Industries manufactures dining chairs and tables. The following intomation ls avabe Machine setups Inspectiones Labor hous Dini Chairs 200 Total Cost $48.000 STP0 000 Tables 250 Hayward is considering switching from one overhead rate based on labor hours to activity besed Perform the following analyses for these two components of overhead: 2,600 2,400 costing. Compute the overhead rate per labor hour using a single overhead rate and total overhead Costs assigned to each product. (Traditional mvethod) a. Using activity-based costing, compute activity rates for machine setup costs and Inspection costs, b. and total overhead assigned to each product