Activity Rates and Product Costs using Activity$-$Based Costing

$\backslash$table$[[$Activity$,\backslash$table$[[$Budgeted$],[$Activity Cost$]],$Activity Base$],[$Casting$,$$$310,720,$Mactine hours$],[$Assembly$,210,330,$Direct labor hours$],[$Inspecting$,31,840,$Number of inspections$],[$Setup$,44,370,$Number of setups$],[$Materials handling,$39,390,$Number of loads$]]$

Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity$-$base usage quantities and units produced follow:

$\backslash$table$[[$Activity Base,Entry,Dining,Total$],[$Machine hours,$5,150,4,560,9,710],[$Direct labor hours,$4,430,6,640,11,070],[$Number of inspections,$1,510,480,1,990],[$Number of setups,$230,60,290],[$Number of loads,$800,210,1,010],[$Units produced,$10,200,5,100,15,300]]$

a$.$ Determine the activity rate for each activity. If required, round the rate to the nearest dollar.

$\backslash$table$[[$Activity$,$Activity Rate$],[$Casting$,$vdots,per machine hour$],[$Assembly$,$vdots,per inspection labor hour$],[$Inspecting$,$vdots,per setup$],[$Setup$,4,$per load$]]$

b$.$ Use the activity rates in $($a$)$ to determine the total and per$-$unit activity costs associated with each product. Round the per unit rates to the nearest cent.

$\backslash$table$[[$Product$,$Total Activity Cost,Activity Cost Per Unit$],[$Entry Lighting Fixtures,$$,],[$Dining Room Lighting Fixtures,$4,]]$