Smthe crystal makes fine tableware in its Ireland factory. The following data are taken from its production plans for the year Direct labor cost $5870000 Setup costs 630000 Chair table Expected production 211000 units 17000 units Direct labor hours required 254000 DLH 16400 DLH Machine setups required 200 setup 800 setups Required 1: Determine the setup cost per unit for the chairs and for the tables if setup costs are assigned using a single plantwide overhead rate based on direct labor hours. 2: Determine setup costs per unit for the chairs and for the tables if the setup costs are assigned based on the number of setups. 3: Which method is better for assigning costs to each product? Explained Answer Calculated as Overhead rate: $ / DLH = $ per DLH Chairs DLH * $ per DLH $/ # unit = $ per unit Table DLH * $ per DLH $/ # unit = $ per unit Overhead rate $ / # setups =$ per setup chairs $ per set up * $ setups $ / # units -$ per unit tables $ per set up * $ setups $ / # units -$ per unit 3 type your analysis below: