QUESTION 23 Valdeez Industries manufactures dining chairs and tables. The following information is available: Dining Tables Total Chairs Cost Machine 200 600 $48,000 setups Inspections 250 470 $72,000 Labor 2,600 2,400 5,000 hrs. hours Valdeez is considering switching from the use of one overhead rate based on labor hours to activity-based costing (ABC) where multiple rates will be determined based on multiple activities. Instructions Perform the following analyses for these two major components of overhead, machine setups and inspections.: (a) Compute total machine setups and inspection costs assigned to each product using a single overhead rate (traditional approach). (b) Compute total machine setups and inspection costs assigned to each product using ACTIVITY-BASED COSTING. 18 points (c) Comment on your findings. 6 points 18 points TT TT Paragraph Arial 3 (12pt) # E - E - T- % DOO EEEET T'as fx Mashups T HTHLESS Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers 80 F3 DOO DOO F F5 Fo F7 FB