Pretty Dog Corporation manufactures two models of dog grooming stations, a standard and a deluxe model. The following overhead activity and cost information has been compiled: Activity 1: Production set- up Activity 2: Assembly Number of Setups Number of Direct Number of Components Labor Hours Standard 3 30 1650 Deluxe 50 150 Total overhead costs of each activity $30,000 $50,000 Required (Assume all estimated costs and estimated activity volumes are the same as actuals. In your calculations, indicate clearly any predetermined overhead rates you calculated): (A) A traditional costing system applies the overhead costs based on direct labor hours. What is the total amount of overhead costs assigned to (i) the standard model and (ii) the deluxe model? (5 points) (B) Under an improved activity-based costing (ABC) system, the number of setups and the number of components are identified as the activity-cost drivers for overhead for the production set-up activity and the assembly activity respectively. What is the total amount of overhead costs assigned to (i) the standard model and (ii) the deluxe model? (8 points) (C) Explain why the costs for the standard model and the deluxe model are different under the improved ABC system vis--vis the traditional costing system (i.e., which model is undercosted or overcosted under the traditional system and why)? A good answer will provide data to support your explanation (hint: think about how I explain overcosting/undercosting in the case studies we did) (5 points)