Here is the problem: C&D Corporation produces high quality stuffed cats and dogs as toys for children and adults. Labor hours required to assemble each unit are 1 hour per cat and 2 hours for each dog. A total of 160,000 cats and 240,000 dogs were produced, packaged, and shipped to consumers or retailers. Overhead costs are currently allocated using direct labor hours as the allocation basis, but the controller has recommend using an activity- based costing system based on the following data: Activity Activity Activity Cost Driver Cost Level Level Cats Dogs 40 Production setup Material handling Packaging & shipping Total overhead Setups Parts Units shipped 48 $200,000 $60,000 $120,000 $380,000 60 72 240,000 160,000 Required: A. Prepare a schedule to compute the amount of total overhead allocated to each of the two products under activity-based costing. B. Prepare a schedule to compute the amount of total overhead allocated to each of the two products using direct labor hours as the allocation base. A B c D E F H A M Overhead Allocated Activity Cost Driver Rate Cats Dogs Total Production setup Material handling Packaging & shipping Totals Setups Part Units shipped B Overhead Allocated Dogs Total Units produced Labor hours per unit Total labor hours Overhead rate per hour Overhead allocation