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Required: 1. Calculate the overhead assigned to the fabric case using the traditional costing system based on labor hours. 2. Calculate the overhead assigned to the fabric case using ABC. 3. Was the fabric case over-or undercosted by the traditional cost system compared to ABC ? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l|l|} \hline Required 1 & Required 2 & Required 3 \\ \hline \end{tabular} Calculate the overhead assigned to the fabric case using ABC. Note: Round activity rates or activity proportions and intermediate calculations to four decimal places. Round your final answer to 2 decimal places