Paragraph 22 Styles Question 4 20 pts Century, Inc., currently uses traditional costing procedures, applying $400,000 of overhead to products X and Y on the basis of direct labor hours. The firm is considerin a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow. Pool No. 1 Pool No. 2 Pool No. 3 Product (Driver: DLH) (Driver: SU) (Driver: PC) 600 30 1,500 Y 1,400 50 1,000 Cost $80,000 $140,000 $180,000 The overhead cost allocated to product Y by using traditional chapter 3 costing procedures would be: A. $120,000 B. $184,500 C. $215,500 D. $280,000. E. some other amount Question 5 20 pts Getting rid of non-value adding activities is an example of? A. Mismanagement B. Activity Based Costing C. Activity Based Cost Management D. Mismanagement E. None of the above