Speedy Racer Corporation manufactures two models of motorized go-carts, a standard and a deluxe model. The following activity and cost information has been compiled: Product Standard Deluxe Overhead costs Number of Setups Number of Components Number of Direct Labor Hours 15 10 750 35 15 500 $50,000 $30,000 Assume a traditional costing system applies the $80,000 of overhead costs based on direct labor hours. What is the total amount of overhead cost assigned to the standard model? $48,000 O $32,000 O $50,000 $30,000