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Question 25 of 25 -/14 Hayward Industries manufactures dining chairs and tables. The following information is available: Machine setups Inspections Labor hours Dining Chairs Tables Total Cost 200 600 $48,000 250 470 $72,000 2,600 2.400 Hayward is considering switching from one overhead rate based on labor hours to activity based costing. 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. Total Costs Dining chairs $ Tables $ Compute total machine setups and inspection costs assigned to each product, using activity-based costing, Total Costs Dining chairs Tables $ acer