ABC Company produces two types of parts, 1 and 2. Information pertaining to these two parts is as follows:

ABC Company produces two types of parts, 1 and 2. Information pertaining to these two parts is as follows: Part 2 Part 1 Units completed 180.00 90.00 Direct labor hours 72.00 108.00 Grinding hours Number of setups Inspection hours 36.00 54.00 10.80 10.80 7.20 3.60 Number of orders received 28.80 43.20 $ $ Prime costs 261,000 279,000 Additionally, the following overhead costs are reported for the activities associated with the two parts: Setting up Inspecting Grinding Receiving $ 108,000 81,000 162,000 45,000 Required: Compute the total overhead assigned to each part using based costing method appropriate for the information provided ty- (6 Marks Total overhead - Part 1 Total overhead Part 2