ABC Corporation manufactures two models of a product, a standard and a deluxe model. The following activity and cost information has been compiled: Product Standard Deluxe Overhead costs Number of Setups Number of Components Number of Direct Labor Hours 3 7 30 50 650 150 $40,000 $120,000 Assume a traditional costing system applies the $160,000 of overhead costs based on direct labor hours. a. What is the total amount of overhead costs assigned to the standard model? b. What is the total amount of overhead costs assigned to the deluxe model