3. Overhead Traditional and ABC Actual Overhead is $1,900 Required: Traditional Approach Cost drivers used for the period a. Using the traditional or plantwide approach what is total Overhead? b. Find the overhead rate using set up hours as a cost driver c. Apply the rate based on set up hours d. Are you over or under applied and by how much? 3. Overhead Traditional and ABC Actual Overhead is $1,900 Required: Traditional Approach Cost drivers used for the period a. Using the traditional or plantwide approach what is total Overhead? b. Find the overhead rate using set up hours as a cost driver c. Apply the rate based on set up hours d. Are you over or under applied and by how much