EcoFabrics has budgeted overhead costs of $1,011,150. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 481,500 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $385,200 and $625.950 is allocated to the design cost pool. Additional information related to these pools is as follows. Wool Total Cotton 107.000 Machine hours 107.000 214,000 Number of setups 1,070 535 1.605 What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton? Wool product line Cotton product line Overhead Allocated $ $ e Textbook and Media Save for Later Attempts:0 of 5 used Submit