Required information Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity cost pools: materlals handling and setup. Pertinent data foliow. Total estimated overhead costs are $152,000, of which $125,000 is assigned to the materiais handling cost pool and $27.000 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 ? Required: 1. Caiculate 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. Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) 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. Caiculate the overhead assigned to the fabric case using ABC. (Round activity rates or activity proportions and intermediate calculations to four decimal places. Round your final answer to 2 decimal placesi) Required: 1. Caiculate the overhead assigned to the fabric case using the traditional costing system based on cirect 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. Was the fabric case over-or undercosted by the traditional cost system compared to ABC ? Suppose that Gable Company manufactures three products. A, B, and C information about these products foliows: Required: Using activity rates, determine the amount of overhead assigned to each product. (Do not round intermediate calculations Required: Using activity rates, determine the amount of overhead assigned to each product. (Do not round intermediate calculations.)
