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: Activity Production setups Material handling Packaging costs Cost Driver Number of setups Number of parts Number of units Amount $ 82,000 48,000 130,000 $ 260,000 M 8 56 80,000 XY 12 24 50,000 Required: Show your work for credit What is the total overhead allocated to Product M using activity-based costing (ABC)? (15) What is the total overhead allocated to Product M using the current plantwide rate