American Fabrics has budgeted overhead costs of $1,099,800. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 549,900 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are: Cutting (cost driver is machine hours) and Design (cost driver is number of setups). Overhead allocated to the Cutting cost pool is $366,600 and $733,200 is allocated to the Design cost pool. Additional information related to these pools is as follows. Wool: Machine hours 122,200 and Number of setups 1,222Cotton: Machine hours 122,200 and Number of setups 611TOTAL: Machine hours 244,400 and Number of setups 1,833A) Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing. (Roundcomputations to 2 decimal places, e. g. 2.50 and answers to 0 decimal places, e. g. 250,000.)Wool $Cotton $B) What is the total cost allocated using the traditional approach, assuming direct labor hours were incurred evenly between the cutting and design activities? Wool $Cotton $