Exercise 5-26 Volume-Based Cost Driver versus ABC (LO 5-1, 5-2,5-4) Tioga Company manufactures sophisticated lenses and mirrors 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 Lenses Mirrors Units produced Material moves per product line Direct-labor hours per unit 30 12 160 30 160 The total budgeted material-handling cost is $93,000 Required: 1. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to 2. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to 3. Under activity-based costing (ABC), the material-handling costs allocated to one lens would be what amount? The cost 4. Under activity-based costing (ABC), the material-handling costs allocated to one mirror would be what amount? The cost one lens would be what amount? one mirror would be what amount? driver for the material-handling activity is the number of material moves driver for the material-handling activity is the number of material moves (For all requirements, Do not round your intermediate calculations.) 1.Material-handling cost per lens 2. Material-handling cost per mirror 3. Material-handling cost per lens 4. Material-handling cost per mirror