Required information Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system wi labor hours as the cost driver but is considering switching to an possible switch, Bunker has identified two activity cost pools: materials handling and setup. Pertinent data follow: activity-based costing system. In preparation for the Fabric Case Leather Case Number of labor hours 15,000 10,000 Number of material moves Number of setups 930 570 90 60 $235,500, of which $187,500 is assigned to the materials handling cost pool and Total estimated overhead costs are $48,000 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours. 2. Calculate the overhead assigned to the fabric case using ABC. 3. Was the fabric case over- or undercosted by the traditional cost system compared to ABC? Complete this question by entering your answers in the tabs below