Kentucky manufactures two sizes of meals, regular and jumbo. The following information applies to their expectations for the planning period 2022: Overhead Costs Activity-cost driver Cost Pool Materials handling $300,000 150,000 orders Machine maintenance $45,000 9,000 maintenance hours Setups $18,000 3,000 setups Inspections $7,000 2,000 inspections Total support costs $370,000 Production Estimates for 2022 Products Production Direct Labor- hours Materials handling Machine maintenance Setups Inspections Units Regular 20,000 units Jumbo 10,000 units 62500 Hrs. 30,000 Hrs. Total 92500 80,000 orders 70,000 orders 150,000 5,000 MH 2000 1300 4,000 MH 1000 700 9,000 3,000 2,000 Kentucky uses an ABC system and assigns overhead costs based on the overhead activity information provided above. Required: 1. 2. Compute traditional rate using direct labor hours as a base. Compute the cost rate for each driver using ABC allocation method. Use traditional cost rate to compute the overhead costs of Regular and Jumbo production units. 4. Use ABC cost rates to compute the overhead costs of Regular and Jumbo production units. 3.