After reviewing the new activity-bosed costing system that Nancy Chen has implemented at IVC's CenterPoint manufacturing facility, Tom Spencer, the production supervisor, belleves that he can reduce production costs by reducing the time spent on machine setups. He has spent the last month working with employees in the plant to change over the machines more quickly with the same reliability He plans to produce 116,000 units of the Sport model and 48,000 units of the Pro model in the first quarter. He believes that with his more efficient setup routine. he can reduce the number of setup hours for both the Sport and the Pro products by 19 percent. Third Quarter Unit Cost Report. Activity Based Costina-CenterPoint Manutachurina Farlitv Third Quarter Unit Cost Report Activity-Based Costina - CenterPoint Manufacturina Facilitv Required: Required: a. Compute the amount of overhead allocated to the Sport and the Pro drones for the first quarter using activily-bosed costung Assume that all events are the same in the first quarter as in the third quarter except for the number of setup hours Assume the cost of a setup hour remains at $900