Exercise 5-26 Volume-Based Cost Driver versus ABC (LO 5-1, 5-2, 5-4) Tioga Company manufactures sophisticated lenses and mitrors used in large optical telescopes. The company is now preparing its annual profit plan. As part of its analysis of the profitability of individual products, the controller estimates the amount of overhead that should be allocated to the individual product lines from the following information. The total budgeted material-handling cost is $86,940. Required: 1. Under a costing system that allocates overnead on the basis of direct-labor hours, the material-handling costs allocated to one lens would be what amount? 2. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one mirror would be what amount? 3. Under activity-based costing (ABC), the moterial-handling costs allocated to one lens would be what amount? The cost diver for the materiahanding activity is the number of material moves. 4. Under activity-bosed costing (ABC), the material-handing costs allocated to one mirror would be what amount? The cost driver for the material-handling activity is the number of material moves. (For all requirements, do not round your intermediate caiculations and round your final answers to the nearest whole dollar.)