LICK HERE TO SAVE YOUR WORK 4 U ABC Costing Question Icy Cool manufacturers two types of products, Refrigerators and Freezers. In the past year, Icy Cool manufactured 4,000 Refrigerators in 2,000 Freezers. Currently, Icy Cool uses a traditional costing system with machine hours as the allocation base. In anticipation of developing an activity-based costing system, Icy Cool has identified the following overhead cost pools and activities associated with production : Activities Activity Costs Saving your work for grading: Machine Set-Ups $ 196,000.00 Remember to press the yellow button to save your work. Extruding $ 480,000.00 A link to your spreadsheet will be placed in the clipboard. Quality Control $ 160,000.00 Click the Moodle tab and follow the instructions to paste your Total $ 836.000.00 If you make changes to your spreadsheet, click the yellow butto There is no need to paste another link to your spreadsheet. A citivites Cost Drivers Refrigerators Freezers Machine Set-Ups Number of Set-Ups 300 484 Extruding Machine Hours 60,000 20,000 Quality Control Number of Inspections 5,000 3,000 *There are 3 parts to this question below. 1.Using the current traditional costing method that assigns overhead costs based on machine hours, calculate he total overhead cost allocated to each type of product for the current year