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: Standard Model Deluxe Model Number of machine hours 25, 500 30, 500 Number of material moves 575 875 Number of setups 75 525 Total estimated overhead costs are $346,200, of which $174,000 is assigned to the materials handling pool and $172,200 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