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 identified two activity pools: materials handling and setup. Pertinent data follow: Total estimated overhead costs are $243,000, of which $192,000 is assigned to the materials handling pool and $51,000 is assigned to the setup pool. Required: 1. Calculate the ovethead assigned to the leather case line using the traditionai costing system based on labor hours. 2. Calculate the overhead assigned to the leather case line using ABC. 3. Was the feather case ovef- or undercosted by the troditional cost system compared to ABC ? Complete this question by entering your answers in the tabs below. Calculate the overhead assigned to the leather case line using the traditional costing system based on labor hours. Note: Do not round intermediate calculatjons and round your finat answer to the nearest whole doliar amount. Required information Burker makes two types of briefcases, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost ditver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity pools: materials handling and setup. Pertinent data follow: Total estimated overhead costs are $243,000, of which $192,000 is assigned to the materials handling poot and $51,000 is assigned to the setup poot. Required: 1. Colculate the overhead assigned to the leather case line using the traditional costing system based on labor hours. 2. Colculate the overhead assigned to the leother case line using ABC. 3. Was the leather case over-or undercosted by the traditional cost system compared to ABC ? Complete this question by entering your answers in the tabs below. Cilculate the overhead assigned to the leather case line using ABC. Note: Round activity rates of activity proportions and intermediate calculations to four decimal places, Round your final answer to the nearest whole dollar. 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 identified two activity pools: materials handling and setup. Pertinent data follow: Total estimated overhead costs are $243,000, of which $192,000 is assigned to the materials handling pool and $51,000 is assigned to the setup pool. equired: Calculate the overhead assigned to the leather case line using the traditional costing system based on labor hours. Calculate the overhead assigned to the leather case line using ABC. Was the leather 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 leather anse over or undercosted by the traditional cost system compared to ABC