Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Julio has ide two cost pools: materials handling and setup. The collected data follow: Number of machine hours Number of material moves Number of setups Standard Model Deluxe Model 26,900 31,900 645 945 115 595 Total estimated overhead costs are $381,370, of which $166,950 is assigned to the material handling cost pool and $214,420 assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using the traditional cost system. (Round the overhead rate to four decimal places and round your final answer to the nearest whole dollar amount.) Overhead Assigned Standard Model Deluxe Model Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machin hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Julio has identified two cost pools: materials handling and setup. The collected data follow: Number of machine hours Number of material moves Number of setups Standard Model 26,900 645 115 Deluxe Model 31,900 945 595 Total estimated overhead costs are $381,370, of which $166,950 is assigned to the material handling cost pool and $214,420 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using ABC. Overhead Assigned Standard Model Deluxe Model