Indigo 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 305 705 $50,500 Inspections 355 575 $74,400 Labor hours 2,600 2,400 Indigo is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead: Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhead rate value to 3 decimal places, e.g. 52.711 and final answers to O decimal places, e.g. 5,275.) Dining chairs Tables $ Total Costs Compute total machine setups and inspection costs assigned to each product, using activity-based costing. Total Costs Dining chairs $ Tables $ Conversion cost SA Prepare a cost reconciliation schedule. osts accounted for Completed and transferred out Work in process, July 31 Materials Conversion costs Total costs accounted for per unit Cost reconciliation schedule