Required information E4-12 and E4-13 Bunker makes two types of briefcases, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity pools: materials handling and setup. Pertinent data follow: Total estimated overhead costs are $235,500, of which $187,500 is assigned to the materials handling pool and $48,000 is assigned to the setup pool. E4-13 (Algo) Assigning Costs Using Traditional System, ABC System [LO 4-1, 4-3, 4-4, 4-5, 4-6] Required: 1. Calculate the overhead assigned to the leather case line using the traditional costing system based on labor hours . Calculate the overhead assigned to the leather case line using ABC. . Was the leather case over- or undercosted by the traditional cost system compared to ABC ? Complete this question by entering your answers in the tabs below. Calculate the overhead assigned to the leather case line using the traditional costing system based on labor hours. Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount