Questions 1-2 are based on the following: Owl Company manufactures two products, Regular and Deluxe. Owl has been using the traditional overhead allocation system using direct labor hours as the cost allocation base. Owl has decided to move to ABC costing using two activity centers, Assembly and Machining. Data for overhead costs are as follows: Activity Allocation base Overhead costs Assembly Labor hours $15,000 Machining Machine hours $10,000 Data for the two products are as follows: Regular Deluxe Labor hours 250 750 Machine hours 400 100 Flag question: Question 1 Question 12 pts Using ABC, overhead costs allocated to Deluxe is: Group of answer choices $18,750 $5,000 $11,750 $13,250 Flag question: Question 2 Question 22 pts Using the traditional overhead allocation method, the amount of overhead costs allocated to Regular is: Group of answer choices $4,000 $6,250 $3,750 $11,750