Bunker makes two types of briefcases, 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 pools: materials handling and setup. Pertinent data follow: Number of labor hours Number of material moves Number of setups Fabric Case Leather Case 20,000 560 51 5,000 1,040 119 Total estimated overhead costs are $243,000, of which $192,000 is assigned to the materials handling pool and $51,000 is assigned to the setup pool. E4-13 (Algo) Assigning Costs Using Traditional System, ABC System [LO 4-1, 4-3, 4, 4-5, 4-6] Required: 1. Calculate the overhead assigned to the leather case line using the traditional costing system based c labor hours. 2. Calculate the overhead assigned to the leather case line using ABC. 3. Was the leather case over- or undercosted by the traditional cost system compared to ABC?