Grouper is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead: (a) Your answer is correct. Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overheod rate value to 3 decimal places, eg. 52.711 and final answers to 0 decimal places, e. 5,275 .) Compute total machine setups and inspection costs assigned to each product, using activity-based costing