PROBLEM Il: (30 POINTS) The total factory overhead for Lifestyle Furniture Company. is budgeted at $600,000 for the year, divided among four activities: fabrication, $300,000; assembly, $120,000; setup, $100,000; and materials handling, $80,000. Lifestyle manufactures two designer furniture products: a wingback chair (chair) and a computer desk (desk). The activity-base usage quantities for each product by each activity are estimated as follows: Fabrication: Chair 5,000 dih; Desk 15,000 dih Assembly: Chair 15,000 dlh; Desk 5,000 dlh Setup: Chair 30 setups; Desk 220 setups Materials Handling: Chair 50 moves; Desk 350 moves Production for the year is budgeted for 5,000 chairs and 5,000 desks REQUIRED Determine the: 1. Activity rate for each activity 2. Activity-based factory overhead in total and per unit for each product