Nash Companyi produces two products: M541 and MBrX. Currently, Nash allocates overhead based on direct labour hours. Overhead is estimated at $399,200. The cost accountant realizes that there are some differences in how resources are being used in producing these two components and is considering the use of ABC to aiiocate overhead. She determines that overhead is caused by testing and inspections, $95,200; machine setup, $74,000; machine stamping, $190,000; aric plant maintenance, $40,000. Nash estimates the following activities related to the overhead costs: Testing and inspections Number of testing and inspections 340 340 Machine setup Number of setups 120 80 Machine stamping Number of machine hours 24,000 14,000 Plant maintenance Direct labour hours 1,500 2,500 Use ABC cost hierarchy to classify each activ Testing and inspections Machine setup Machine stamping Plant maintenance Compute the amount of overhead assigned to each product using the trad onal (i.e., direct labour hours) costing method. (Round labor rate per hour to 2 decimal places, (2.9. 52.75 and the nal answers to 0 decimal places, e.g. 5,275.) MBrR 3' MBrX 3" Compute the amount of overhead assigned to each product using ABC. Testing and inspections 5' $ Machine setup $ $ Machine stamping $ $ Plant maintenance $ $ Which product is overcosted using the traditional costing method? Overoosted product