Weissman Corporation manufactures two products Product E16S and Product PI7K. The company currently has a traditional costing system that assigns manufacturing overhead based on direct labor hours. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products E16S and PI7K. Activ Castle Meel el Machine her N Daders h IN PERPIN 341 3d 7 .000 1. What is the activity rate used to assign machine setup costs to the products? A S600 per setup S420 per setup c. $S25 per setup D. $675 per setup . None of the above 2. The overhead cost charged to Product E16S under the ABC system is: AS530,000 $380,000 c. $420,000 D. $350,000 E. None of the above The overhead cost charged to Product PI7K under the ABC system is: A $530,000 3. $380,000 c. $420,000 D. 384.000 E. None of the above 4. The overhead cost charged to Product E16S under the traditional costing system is: A. $ 321,500 B. $ 241,200 c. $ 298,600 d. $ 195,300 E. None of the above. 5. The predetermined overhead rate used to assign manufacturing overhead costs to products under the traditional costing system is: A. $ 68.50 B. $ 75.80 C. $ 80.40 D. $ 95.60 E. None of the above