Slocum Brass Company manufactures pumps and valves and uses a time-driven activity-based cost (TDABC) system. Last year, Slocum recorded the following data for assigning manufacturing overhead costs to its products: (Click the icon to view the data.) Slocum also developed the following information on revenues and costs other than manufacturing overhead: Requirements (a) Using the company's TDABC system, how much manufacturing overhead cost will be assigned to pumps? How much will be assigned to valves? (b) What is the company's net income? (Assume the company sells the entire amount of the products it produces.) B Requirement (a) Using the company's TDABC system, how much manufacturing overhead cost will be assigned to pumps? How much will be assigned to valves? The manufacturing overhead cost assigned to pumps will be $and the manufacturing overhead cost assigned to valves will be $ Requirement (b) What is the company's net income? (Assume the company sells the entire amount of the products it produces.) Total revenues Cost of unused practical capacity Net income