Second: Maxi Corporation manufactures two products which are XM1 and YZ2. Maxi's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost MX1 YZ2 Total Cost Assembly 400 mach. hours 600 mach. hours $100,000 Inspections 300 200 $55,000 2,500 labor hours 1,500 labor hours Required: 1. Using traditional costing, calculate the overhead costs for each product based on labor hours as a cost driver. 2. Maxi is considering switching from one overhead rate based on labor hours to activity-based costing. Calculate the overhead costs for each product