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Novak is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead: (a)

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Novak 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, e.g. 52.711 and final answers to 0 decimal places, e.g. 5,275.)

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