Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machine 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 26,200 610 80 Deluxe Model 31,200 910 560 Total estimated overhead costs are $370,560, of which $182,400 is assigned to the material handling cost pool and $188,160 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