5. TW Corporation manufactures Iron and Driver golf clubs. TW's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Assembly Inspections Iron 500 mach. hours 350 2,500 labor hours Driver 500 mach. hours 150 1,500 labor hours Total Cost $60,000 $100,000 TW is considering switching from one overhead rate based on labor hours to activity-based costing. 0) Overhead rate using 0-1) a single overhead rate 0-2) activity-based costing 1) Total overhead costs assigned to Iron clubs, using a single overhead rate, are 2) Using activity-based costing, how much assembly cost is assigned to Iron clubs? 3) Using activity-based costing, how much inspections cost is assigned to Iron clubs