Julio produces two types of calculators, 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 activity pools: materials handling and setup. The collected data follow: Number of machine hours Number of material moves Number of setups Standard Model 27,000 Deluxe Model 32,000 650 120 950 600 Total estimated overhead costs are $394,160, of which $176,000 is assigned to the materials handling pool and $218,160 is assigned to the setup 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. Note: Round the overhead rate to 4 decimal places and round your final answer to the nearest whole dollar amount. Standard Model Overhead Assigned Deluxe Model Julio produces two types of calculators, 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 activity pools: materials handling and setup. The collected data follow: Number of machine hours) Number of material moves Number of setups Standard Model 27,000 650 120 Deluxe Model 32,000 950 600 Total estimated overhead costs are $394,160, of which $176,000 is assigned to the materials handling pool and $218,160 is assigned to the setup 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 11 Required 2 Calculate the overhead assigned to each product using ABC. Standard Model Deluxe Model Overhead Assigned < Required 1 Required 25