Determine if the following statement is true or false. A company is preparing a product margin report using traditional costing. It has determined the following: Total overhead cost Direct labor cost (activity base) Direct labor cost Product A $600,000 $250,000 $150,000 Direct labor cost - Product B $100,000 The total overhead allocated to Product B is $416,667, O True O False: Determine if the following statement is true or false A company is using activity based costing to allocate overhead. If the company decides to use setup hours to allocate the cost of the Setup Activity Cost Pool, the company is using a duration driver for the activity measure. O True: False