Question 7 2 pts Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs Tables Total Overhead Cost Machine setups 200 600 $48,000 Inspections 250 470 $72,000 Labor hours 2,600 2,400 Hayward is considering switching from Traditional Costing based on labor hours to activity-based costing. Assign total overhead costs to Tables using Traditional Costing. $83,000 O $120,000 $62,400 $57,600 $37.000