Out Assume High Challenge Company makes two products, touring bicycles and mountain bicycles. The touring bicycles product line is a high-volume line, while in using activity-based costing, the company identified four activities that were the mountain bicycle is a low-volume, specialized product. were (1) purchasing materials, (2) setting up machines when a new product was important cost drivers and a cost driver used to allocate overhead. These activities started (3) inspecting products, and (4) operating machines. Accountants estimated the overhead and the volume of events for each activity. For example, management estimated the company would purchase 100,000 pieces of materials that would require overhead costs of $200,000 for the year. These overhead costs included salaries of people to purchase, inspect, and store materials. Setting up machines for a new product would need 400 setups and overhead of $800.000. The company would have 4,000 inspections and overhead of $400.000. Finally, running machines would cost $600,000 for 20,000 machine hours These estimates were made last year and will be used during all of the current year. In practice, companies most frequently set rates for the entire year, although some set rates for shorter periods, such as a quarter. Perform Actively based costing on this case and find the share of each type for the following next month as in the following table Mountain Touring 4,000 pieces 6,000 pieces Purchasing Materials Machine Setups 30 setups 10 setups 200 hours 200 hours Inspections 1,500 hours 1,500 hours Running Machine