Com Inc. produces two types of computers: Novan and Covan. Consider the information given on the two products and their activity usage: w Novan Covan Units produced 1,000 4,000 Setup hours 800 400 Inspection hours 500 500 8 9 Machine hours 200 1,000 11 12 Suppose that machine hours are used to assign all overhead costs to the two products. Select the best answer from the following: 14 15 1) Novan will be overcosted; Covan will be undercosted. 17 18 2) Covan will be overcosted; Novan will be undercosted. 19 20 3) Novan and Covan will be accurately costed. 4) Using inspection hours to assign overhead costs is the most accurately approach