What are the computations for the quality-control overhead cost to be assigned to the toddler toy line for the month of August (1) using the traditional product costing system (direct labor is the cost driver), and (2) using activity-based costing? Please see attached problem and thank you for your help!

Question 2 of 20 - 15 View Policies Current Attempt in Progress Sheffield Toys & Games, Inc. manufactures specialty toys. Sheffield uses a traditional product costing system to assign overhead costs uniformly to all products. To meet industry safety standards and to assure its customers of safe and durable toys, Sheffield assigns its quality-control overhead costs to all products at a rate of 20% of direct labor costs. Its direct labor cost for the month of August for its toddler line of toys is $343,000. In response to repeated requests from its financial vice president, Sheffield's management agrees to adopt activity-based costing. Data relating to the toddler line of toys for the month of August are as follows: Number of Cost Overhead Drivers Used Activity Cost Pools Cost Drivers Rate per Activity Materials Inspection Number of pounds $0.70 per pound 59,000 pounds Assembly Line Inspection Number of finished toys $0.14 per toy 175,000 toys National Toy Association Certification Retail orders $2.00 per order 800 orders (a) Compute the quality-control overhead cost to be assigned to the toddler toy line for the month of August (1) using the traditional product costing system (direct labor is the cost driver), and (2) using activity-based costing. Quality-Control Overhead Cost Traditional costing $ Activity-based costing $