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hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Julio has identified two cost pools: materials handling and setup. The collected data follow: Number of machine hours Number of material moves Number of setups Standard Model Deluxe Model 26,400 31,400 620 920 70 570 Total estimated overhead costs are $358,840, of which $169,400 is assigned to the material handling cost pool and $189,440 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using the traditional cost system. (Round the overhead rate to four decimal places and round your final answer to the nearest whole dollar amount.) Overhead Assigned Standard Model Deluxe Model Required Required 2 > hours as the cost driver but is considering a move to activity based costing. In preparing for the possible switch, Julio has identified two cost pools: materials handling and setup. The collected data follow: 1 1 Number of machine hours Number of material moves Number of setups Standard Model Deluxe Model 26,400 31,400 620 920 70 570 8 00:28:54 Total estimated overhead costs are $358,840, of which $169,400 is assigned to the material handling cost pool and $189,440 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using ABC. Overhead Assigned Standard Model Deluxe Model