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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: Pronghorn is

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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: 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, eg. 52.711 and final answers to O decimal places, eg. 5,275.) Compute total machine setups and inspection costs assigned to each product, using activity-based costing

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