The following product- and activity-related cost information are given Number of Number o Quire Number of Product Setups Components Direct Labor Hours Steet 30 650 Metal 7. 50 150 Overhead costs Dh40,000 Dh120,000 Activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead. Required: 1. What is the total amount of overhead costs assigned to the Steel model? (1 mark) 3. Explain the difference between the costs obtained from the traditional costing system and the ABC system Which system provides a better estimate of costs? Why? (3 marks) 2. What is the total amount of overhead costs assigned to the Metal model? (1 mark)