two cost pools: materials handling and setup. The collected data follow: Standard ModelDeluxe Model Number of machine hours27,000 32,000 Number of material moves650 950 Number of setups120 600 Total estimated overhead costs are $394,160, of which $176,000 is assigned to the material handling cost pool and $218,160 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC.