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1. Award 1.67 out of 5.00 points You did not receive full credit for this question in a previous attempt Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possibile switch, Bunker has identified two activity cost pools: materials handling and setup. Pertinent data follow: Number of labor hours Number of material mowe Number of setups Fabric Case Leather Case 14 000 10 000 520 780 40 60 Total estimated overhead costs are $193,300, of which $162,500 is assigned to the materials handling cost pool and $30,800 is assigned to the setup cost pool. Required: 1. Calculate the overheas assigned to the fabric case using the traditional costing system based on direct labor hours. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) Overhead $ 112.758 2. Calculate the overhead assigned to the fabric case using ABC. (Round activity rates or activity proportions, and intermediate calculations to four decimal places.) Total estimated overhead costs are $193,300, of which $162,500 is assigned to the materials handling cost pool and $30,800 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours. (Do not round intermediate calculations and round your final answer to the nearest amount.) Overhead Assigned 112,758 2. Calculate the overhead assigned to the fabric case using ABC. (Round activity rates or activity proportions, and intermediate calculations to four decimal places.) Overhead Assigned 65,000 3. Was the fabric case quer- or undercosted by the traditional cost system compared to ABC? Cave