Company X produces dining chairs and tables. The following budget information is available: TablesTotal Cost Item Dining Chairs Machine Setups Inspections Labor Hours 250 600 TL48,400 250 2,400 420 TL72,000 2430 (a) Compute total machine setups and inspection costs assigned to each product, usingplantwide method if the allocation base is labor hours. (b) Compute total machine setups and inspection costs assigned to each product, using ABC (c) Should Company X use plantwide or ABC method? Why? Explain