Pronghorn Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers:

Pronghorn 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$.$s$.52$

answers to $0$ decimal places, e$.$g$.5,275.)$

Total Costs

Dining chairs $

Tables

$

Compute total machine setups and inspection costs assigned to each product, using activity$-$based costing.

Total Costs

Dining chairs

Tables proghorn industries manufactures dining chairs and tables