A company manufactures Product X and Product Y in the same factory.Overhead costs are currently allocated using direct labor hours, but the accounting manager has recommended an activity-based costing system using the data in the table provided below.Answer the following two questions: a) determine the amount of overhead to be allocated to each type of product under activity-based costing;b) determine the amount of overhead to be allocated to each type of product using labor hours as the allocation base.Assume 60,000 labor hours were used to manufactureProduct X and 20,000 labor hours were used to manufactureProduct Y.