Q-1) Company X produces dining chairs and tables. The following budget information is available: Dining Chairs Tables Total Cost Item Machine Setups Inspections Labor Hours 2r0 250 2,400 600 420 2,Ay0 TL48,t00 TL72,000 (a) (16 points) Compute total machine setups and inspection costs assigned to each product, using plantwide method if the allocation base is labor hours (b) (16 points) Compute total machine setups and inspection costs assigned to each product, using ABC (c) (4 points) Should Company X use plantwide or ABC method? Why? Explain Q-1) Company X produces dining chairs and tables. The following budget information is available: Dining Chairs Tables Total Cost Item Machine Setups Inspections Labor Hours 2r0 250 2,400 600 420 2,Ay0 TL48,t00 TL72,000 (a) (16 points) Compute total machine setups and inspection costs assigned to each product, using plantwide method if the allocation base is labor hours (b) (16 points) Compute total machine setups and inspection costs assigned to each product, using ABC (c) (4 points) Should Company X use plantwide or ABC method? Why? Explain