Exercise 5-26 Volume-Based Cost Driver versus ABC (LO 5-1, 5-2, 5-4) Thoge Company manufactures sophistcated lenses and microos used in large opticaltelescoper: The company is now. preparing iss annual piofit plan. As part of its analysis of the profitability of individual products, the controliet estimates the amount of overbead that should be allocated to the individual product lines from the following information. The total budgeted matenathandling cost is $64,400 Required: 1. Under a costing system that allocates overteat on the basis of drect fabor hours, the material handing costs allocated to one lens would be what amoun? 2 Under a costing system that allocates overhead on the basis of divect tabor hours, the materal-handiling costs allocated to one mirror would be what amount? 3. Under octivity based costing (ABC), the matenal handing costs allocated to one lens would be what amoune The cost diver for the material handing activity is the fumber of material moves 4. Under activity based costing (AtiC), the materlaL-handung costs allocated to one mirror would be what amount? The cost diver for the material handing activity is the number of materiat moves fFor all requirements, do not round your intermediote calculations ond round your finol answers to the nearest whole dollor.)