Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity cost pools: materials handling and setup. Pertinent data follow: Fabric Case Leather Case Number of labor hours 15,000 9,000 Number of material moves 820 1,230 Number of setups 40 220 Total estimated overhead costs are $380,300, of which $307,500 is assigned to the materials handling cost pool and $72,800 is assigned to the setup cost pool. Calculate the overhead assigned to the fabric case using ABC. (Round activity rates or activity proportions, and intermediate calculations to four decimal places.) Was the fabric case over- or undercosted by the traditional cost system compared to ABC?