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Pronghorn Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Tables Estimated
Pronghorn Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Tables Estimated Cost Dining Chairs 265 Machine setups 665 $ 49,290 Inspections 315 535 $ 73,100 Labor hours 2,600 2,400 Pronghorn is considering switching from one overhead rate based on labor hou 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 decimal places, eg. 5,275.) Total Costs Dining chairs $ Tables $ TA
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