Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Activity Setting up Inspecting Packing and shipping Total overhead Cost Driver Number of setups Number of parts Number of boxes whipped Coat $112,200 32,400 50.000 $ 204,600 Cost Driver Volume Pencils Pens 23 28 5 7 50,000 70,000 Required: a. Compute the amount of overhead to be allocated to each product under activity-based costing. b. Compute the amount of overhead to be allocated to each product using labor hours as the allocation base. Assume that the number of labor hours required to assemble each box is 01 for pencils and 0.2 for pens and that 50.000 boxes of pencils and 70,000 boxes of pens were produced during the period Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of overhead to be allocated to each product under activity-based costing. (Do not round Intermediate calculations.) Overhead Pencils Pans Required B> Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data Coat Driver Volume Metivity Cost Driver Cost Pencils Pene Setting up Number of setupe $112,200 23 28 Inspecting Number of parts 32,400 5 2 Packing and shipping Number of boxes whipped 60,000 50,000 70,000 Total overhead $204,600 Required: a. Compute the amount of overhead to be allocated to each product under activity-based costing. b. Compute the amount of overhead to be allocated to each product using labor-hours as the allocation base. Assume that the number of labor-hours required to assemble each box is 01 for pencils and 0.2 for pens and that 50,000 boxes of pencils and 70,000 boxes of pens were produced during the period Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of overhead to be allocated to each suct using labor hours as the allocation base. Assume that the number of labor hours required to assemble each box is 0.1 for pencils and 0.2 for pens and that 50,000 boxes of pencils and 70,000 boxes of pens were produced during the period. (Do not round intermediate calculations and round your final answers to the nearest whole dollar.) Overhead Pencils Pens