Trek Bicycles manufactures two models of mountain bikes, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Setups Number of Components 30 Number of Direct Labor Hours 3 Standard Deluxe 650 150 7 50 Overhead costs $20,000 $60,000 Required:

Required:

Assume an 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. What is the total amount of overhead casts assigned to the (i) standard model and (ii) the deluxe model?