A. what is the total overhead costs assigned to the standard model 1) assuming a traditional costing system allocates the total manufacturing overhead cost based on direct labour hours and 2) assuming an activity based costing system is used and that the number of setups and components assembled are identified as the activity cost allocation base for setup cost and assembly cost, respectively.B.explain the difference between the cost obtained from the traditional costing system and the abc system. which system provides a better estimate of cost and why pls i need this asap

Question 5 (10 points) Chairs Pty Ltd. manufactures two models of household chairs, a standard model and a deluxe model. In 2022, the manufacturing overhead comprised of $20,000 with set-up costs and $80,000 with assembly costs. The following information has been compiled: Number of Number of components Number of direct Product setups assembled labour hours Standard 650 Deluxe 150 Total 800