Indigo Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Machine setups Inspections Labor hours Dining Chairs 305 355 2,600 Tables 705 575 2,400 Estimated Cost $50,500 $74,400 Indigo is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead:

Indigo Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Indigo is considering switching from one overthead rate based on labor hours to \\( A B C \\). Pertorm the following analyses for these two components of overhead: Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overheod rate value to 3 decimal places, eg. 52.711 and final answers to 0 decimal places, eg. 5.275.) Compute total machine setups and inspection costs assigned to each product, using activity-based costing