Question: Novak is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead: (a)

 Novak is considering switching from one overhead rate based on labor

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

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