Question 6 YY Company manufactures 2 products, Product I and Product II. Currently, machine hours are used to allocate the overheads to two products. The company is considering activity- based costing. If so, overheads will be traced to the following activities: Spray painting $175,000 Material Moves Activities Inspection Cost $240,000 $420,000 Drivers Machine Hour Number of Number of inspections moves Product A 30,000 300 250 Product B 20,000 900 750 (a) (b) Determine the total overhead cost assigned to Product I under the current system. Determine the total overhead cost assigned to Product I if the company implements activity-based costing system.