E4-14 Assigning Costs Using Traditional System, ABC System [LO 4-1, 4-3, 4-4, 4-5] Julio produces two types of calculator, 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 cost pools: materials handling and setup. The collectedd data follow: Standard Model 26.000 Deluxe Model Number of machine hours Number Nurmber of setups 31,000 material moves 6 900 90 550 Total estimated overhead costs are S344,380, of which $157,500 is assigned to the material handling cost pool and $186,880 is assigned to the setup cost pool Required: 1. Calculate the overhead assigned to each product using the traditional cost system. (Round the overhead rate to four decimal places.) Overhead assigned Standard Model Deluxe Model This is a numeric cell, so please enter numbers only. 2. Calculate the overhead assigned to each product using ABC Overhead Assigned Standard Model Deluxe Model