QUESTION 4 12 points Save Answer Trek Bicycles manufactures two models of mountain bikes, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Setups 3 7 Number of Components 30 Number of Direct Labor Hours 650 Standard Deluxe 50 150 Overhead costs $20,000 $60,000 Required: Assume an activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead. What is the total amount of overhead costs assigned to the (i) standard model and (ii) the deluxe model? (12 marks)