North Street Corporation manufactures two models of motorized go-carts, a standard and a deluxe model. The following activity, driver and cost information has been compiled: The number of setups and number of components are identified as activity-cost drivers for overhead while it takes the firm one direct labor hour to produce a unit of Standard or Deluxe model. Required: a) Assuming an activity-based costing system is used, what is the total amount of overhead cost assigned to the deluxe model? Compute the overhead assigned using direct labor hours as the allocation base under the traditional costing method. b/ Explain the differences in overhead costs assigned by identifying the differences in the proportion of resources consumed using the unit-level, batch-level, and product level drivers