You have a business manufacturing snarky masks for hipster wannabes. Following is the costing data you have been using: There are two versions of the mask you manufacture, Basic and Elaborate: 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 1,000 Basic and 300 Elaborate masks, incurred $58,000 of direct labor, spent $97,500 on direct materials, and spent $232,000 on overhead. - What is the average cost of a Basic and an Elaborate mask using the old overhead allocation method of $80 per DLH to allocate the $232,000 of overhead? - What is the average cost of a Basic and an Elaborate mask using the ABC costing data from above to allocate the $232,000 of overhead? (If you round to the nearest penny when calculating the ABC rates you will be about $3.00 off in total costs due to rounding.) - What are some reasons for the difference between the two methods of aliocating overhead to the masks