please show formulas and work to better understand thank you

Question 1: KDDM Manufacturing Corporation makes two types of Products-the Standard and the Deluxe. The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours (DLHs). Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead $2,250,000 Estimated total direct labor-hours 120,000 DLHS Data concerning these two product lines appear below: Selling price per unit Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production &sales Standard $150 $75 $25 1.0 DLHs 20,000 units Deluxe $100 $53.00 $15.00 1.25 DLHs 80,000 units Requiredi: Compute and prepare the product margins for the Standard and the Deluxe products under the company's traditional costing system. Assume the company is now considering replacing its traditional costing system with an activity-based costing (ABC) system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs): Estimated Expected Activity Overhead Activities and Activity Measures Cost Standard Deluxe Supporting direct labor (direct labor-hours) $ 840,000 40,000 80,000 Batch setups (setups) 540,000 200 100 Product sustaining (number of products) 650,000 1 1 Other 220,000 NA NA (NA: Not Applicable) Required 2: Compute and prepare the product margins for Standard product and Deluxe product under the activity-based costing system. 2 ACCT 205 STUDENT NAME STUDENT ID: Spring 2020 Final Assessment Required 3: Compare the product margins generated under the traditional and activity based cost assignments? Explain why the traditional and activity-based cost assignments differ? Discuss which of the products is overcosted/undercosted under traditional costing system