Question 14 2 pts Steadman Co. incurs $700,000 of overhead costs each year in its three main departments, machining ($400,000), inspections ($200,000) and packing ($100,000). The machining department works 4,000 hours per year, there are 600 inspections per year, and the packing department packs 1.000 orders per year. Information about Steadman's two products is as follows: Product X Product Y Machining hours 1,000 3,000 Inspections Orders packed 350 650 100 500 Using Activity Based Costing, how much overhead is assigned to Product X this year? O $242,308 $350.000 O $368,334 $168,334 O $340,000 Question 12 2 pts Estimated costs for activity cost pools and other item(s) are as follows: Machining $800,000 Assembling 200,000 Advertising 450,000 Inspecting and testing 240.000 Total estimated manufacturing overhead is $1.240.000 $890,000 $1.690.000 O $1.000.000 $1.450,000