Required information Bunker makes two types of briefcases. 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 identied two activity pools: materials handling and setup. Pertinent data follow: 1 Leather: Fabric Case Case . Number of labor hours 15,000 9,000 Number of material moves 440 660 Number of setups 40 80 Total estimated overhead costs are $150,000, of which $110,000 is assigned to the materials handling pool and $40,000 is assigned to the setup pool. Required: 1. Calculate the overhead assigned to the fabric case using the traditional costing system based on 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. it. : \\mllu-Lmnuuntnuu: 3 Required 1 q Required 2 Required 3 "nun." : ........................ ._ Calculate theoverhead assigned to the fabric case using the traditional costing system based on labor hours. Note: Do not round Intermediate calculations and round your nal answer to the nearest whole dollar amount.) Required 2 >