1-3 using the following data. A company has the following overhead costs and activities: Estimated Activities and Activity Measures Overhead Cost Expected Activity Product V Product W Product X Machine setups (setups) $7,234.50 69 12 10 Processing customer orders (orders) $3,565.50 20 9 21 Assembling products (assembly-hours) $9,178.00 492 697 111 1. If the company allocates overhead to products using assembly hours as the single allocation base, how much overhead will be allocated to product X? A. $1,706 B. $784 C. $618 D. $304 How much overhead cost would be assigned to Product V using the activity-based costing system? 2. A. $158 B. $91,722 C. $10,385 D. $5,485 3. After changing from the traditional costing system that uses assembly hours as the single allocation base to activity-based costing, overhead costs assigned to Product W would be: A. increased by $5,803. B. increased by $4,194. C. decreased by $5,803. D. decreased by $4,194