Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information: 5:59 Activity Production setups Material handling Cost Driver Number of setups Amount $ 82,000 M XY 8 12 Number of parts Packaging costs Number of units 48,000 130,000 56 24 80,000 50,000 $260,000 What is the total overhead allocated to Product M using the current system? Multiple Choice $113,600. $130,000 $146,400 $160,000