CHR my won E4-14 (Algo) Assigning Costs Using Traditional System, ABC System (LO 4-1, 4-3, 4-4, 4-5) Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machine hours as the cost driver but is considering a move to activity-based costing, in preparing for the possible switch, Jlio has identified two cost pools materials handling and setup. The collected data follow. Standard Model Deluxe Model Number of machine hours 26,600 31,600 Number of material moves Number of setups 100 630 93e 580 ces 1 Total estimated overhead costs are $406,120, of which $202,800 is assigned to the material handling cost pool and $203,320 is assigned to the setup cost pool Required: 1. Calculate the overhead assigned to each product using the traditional cost sydtem 2. Calculate the overhead assigned to each product using ABC Complete this question by entering your answers in the tabs below. Check my Total estimated overhead costs are $406,120, of which $202,800 is assigned to the material handling cost pool and $203,320 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system 2. Calculate the overhead assigned to each product using ABC Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using the traditional cost system. (Round the overhead rate to four decimal places and round your final answer to the nearest whole dollar amount.) Overhead Assigned Standard Model novo Model Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using the traditional cost system. (Round the overhead rate to four decimal places and round your final answer to the nearest whole dollar amount.) Overhead Assigned Standard Model Deluxe Model 2. Calculate the overneau assigned to each prouct using AB Complete this question by entering your answers in the tabs below. Required 1 Required2 Calculate the overhead assigned to each product using ABC Overhead Assigned Standard Model Deluxe Model s