Product costs using activity rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Rate Activity Fabrication $30 per machine hour Assembly $31 per direct labor hour Setup Inspecting Production scheduling Purchasing $93 per setup $18 per inspection $17 per production order $8 per purchase order The activity-base usage quantities and units produced for each product were as follows: Activity Base Elliptical Machines Treadmill Machine hours 650 450 Direct labor hours 193 251 Setups 44 44 Inspections 19 26 Production orders 30 20 Purchase orders 393 151 450 250 Units produced This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.