(Answered) Exercise- hayward industries manufactures dining chairs and

Accounting

Exercise- Hayward Industries manufactures dining chairs and tables. The following information is available:

Dining Chairs	Tables	Total Cost
Machine setups	200	600	$48,000
Inspections	250	470	$72,000
Labor hours	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.

Compute total machine setups and inspection costs assigned to each product, using activity-based costing.

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