Rachel's Pet Supply Corporation manufactures two models of grooming stations, a standard and a deluxe model. The following activity and cost information has been compiled: (8 Marks) Product Standard Deluxe Number of Number of Components Number of Direct Labor Hours Setups 3 30 7 50 Overhead costs $40,000 $120,000 650 150 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. Determine the total amount of overhead costs assigned to the deluxe model Assume a traditional costing system applies the $160,000 of overhead costs based on direct labor hours. Identify the total amount of overhead costs assigned to the standard model 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. Determine the total amount of overhead costs assigned to the standard model Assume a traditional costing system applies the $160,000 of overhead costs based on direct labor hours.Determine the total amount of overhead costs assigned to the deluxe model Choose... Choose... Choose... Choose...