You have a business manufacturing Artfarts for Dogtown, Inc. Following is the costing data you have been using: There are two versions of the Artfarts you manufacture, simple and Fancy, and you incurred the following: You want to implement an Activity Based Costing system to better allocate overhead to the two different products and have come up with the following cost activity pools: During 2022 you made 2,000 Simple and 600 Elaborate Artfarts, incurred $192,000 of direct labor, spent $36,000 on direct materials, and spent $200,000 on overhead. - What is the average cost of a Simple and a Fancy Artfart using the old overhead allocation method of $25 per DLH to allocate the $200,000 of overhead? Don't forget direct costs. - What is the average cost of a Simple and a Fancy Artfart using the ABC costing data from above to allocate the $200,000 of overhead? - Why is the ABC method better at costing the Artfarts than the old method? Be specific in your