Concord Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Dining Chairs Tables Estimated Cost Machine setups 290 690 $49,980 Inspections 340 560 $73,800 Labor hours 2,600 2,400 Concord is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead: (a) Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhead rate value to 3 decimal places, eg. 52.711 and final answers to O decimal places, eg. 5,275) (b) Total Costs Dining chairs $ Tables Save for Later Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above