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Waymire Ltd. manufactures two products and currently allocates overhead based on direct labour hours. For the coming year, the company is considering changing to an

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Waymire Ltd. manufactures two products and currently allocates overhead based on direct labour hours. For the coming year, the company is considering changing to an activity based costing system by allocating overhead based on 3 activities. The estimated amount of overhead traceable to the 3 activities for the coming year are given below: Activity Cost driver Total cost Product 1 Product 2 Purchase orders # of orders $819,000 280 565 Maintenance Machine hours $491,000 19,000 15,400 Inspection # of inspections $662,000 1,530 2,410 Total estimated direct labour hours for the coming year are 25,300 hours for Product 1 and 89,600 hours for Product 2. What is the difference between total overhead allocated to Product 2 using activity based costing versus traditional costing? Enter your answer as a positive (+) number if more total overhead is allocated under activity based costing. Enter your answer as a negative (-) number if less total overhead is allocated using activity based costing

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