12 points Save Answer Trek Bicycles manufactures two models of mountain bikes, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Number of Number of Setups Components Direct Labor Hours Standard 30 650 Deluxe 50 150 Overhead costs $20,000 $60,000 Required: Assume an activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead. What is the total amount of overhead costs assigned to the (i) standard model and (ii) the deluxe model? (12 marks)