E$4-14($Static$)$ Assigning Costs Using Traditional System,

Julio produces two types of calculators, standard and deluxe. The company is currently using a traditional costing system with machine hours as the cost driver but is considering a move to activity$-$based costing. In preparing for the possible switch, Julio has identified two activity pools: materials handling and setup. The collected data follow.

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Model$]],$Deluxe Hodel$],[$Number of machine hours,$25,000,30,000],[$Number of material moves,$550,850],[$Number of setups,$80,500]]$

Total estimated overhead costs are $$303,560,$ of which $$140,000$ is assigned to the materials handling pool and $$163,560$ is assigned to the setup pool.

Required:

Calculate the overhead assigned to each product using the traditional cost system.

$2$ Calculate the overhead assigned to each product using ABC.

Complete this question by entering your answers in the tabs below.

Required $1$

Calculate the overhead assigned to each product using the traditional cost system.

Note: Round the overhead rate to $4$ decimal places and round your final answer to the nearest whole dollar amount.

$\backslash$table$[[$Standard Model,Overhead Assigned$],[$Deluxe Model,$]]$