s. Solve the following problems by providing what is asked for each one Question 18 (15 points) Problem 1 - Traditional vs Activity Based Cost (15 marks) Suction Junction Corporation manufactures two models of vacuum's, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Setups Number of Components Number of Direct labour Hours Standard 3 30 650 Deluxe 7 50 150 Indirect costs: $20,000 $60,000 Assume a traditional (simple) costing system applies the $80,000 of overhead costs based on direct labour hours. Required What is the total amount of overhead costs assigned to the standard and deluxe model? Assume an activity-based costing system is used and the number of setups and the number of components are identified as the activity-cost drivers for overhead. What is the total amount of indirect costs assigned to the standard and deluxe model