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4. Traditional Costing vs. Activity Based Costing (25 points). The Outer Banks Surfing Company manufactures custom surfing boards for surfing camps and surfing teams competing in national and regional competitions based on the customer specifications and with the team/camp logo printed on the board surface. The following overhead costs and cost drivers were estimated for the upcoming year: Overhead Pool Setup costs Material Preparation Molding and shaping Sealing and finishing Expected Costs 80,000 96,000 72,000 44,000 Cost Driver Number of setups Direct material costs Machine hours Sealing and finishing Labor costs Expected Quantity 100 200,000 5,200 32,000 Total direct labor hours for next year were estimated at 40,000. The following data pertain to two recent completed jobs: JobA 10,000 8,000 50 400 Cost of direct materials Cost of direct labor Number of units completed Number of direct labor hours Number of setups Number of machine hours Sealing and finishing labor costs Job B 15,000 14,000 100 800 5 5 250 200 350 400 Answer the following questions assuming the company is using a traditional company-wide overhead rate based on direct labor hours. Show your calculations. a. The company-wide overhead rate is: b. The amount of overhead costs allocated to Job A is: c. The amount of overhead costs allocated to Job B is