Swifty, Inc. manufactures two products, wheels and seats. The company has estimated its overhead in the assembling department to be $800000. The company produces 300000 wheels and 600000 seats each year. Each wheel uses 2 parts, and each seat uses 3 parts. What amount of the assembly overhead cost should be allocated to wheels? $320000$200000$342857$266667 Which of the following is true of activity-based costing? More cost pools Same base as traditional costing Less costly to use Eliminates arbitrary allocations