4) A manufacturing company has total overhead costs of $100,000. It produces two products: Product A and Product B. The following information is available: Product Product A Product B DLH MH NS 500 200 300 100 10 5 [direct labor hours (DLH), machine hours (MH), and number of setups (NS)] Using the plant-wide rate method, overhead costs are allocated based on direct labor hours. The company estimates that the total direct labor hours for both products is 800 hours. Using the ABC method, the company has identified three cost drivers for allocating overhead costs. The following cost driver rates are determined as follows: DLH rate: $50 per hour MH rate: $20 per hour NS rate: $200 per setup Required: Calculate the overhead cost allocated to each product using the plant- wide rate method and the ABC method. Production costs= DM + DL+ OH Predetermined overhead rate == Estimated overhead cost Estimated level of cost driver