After attending the new training on Activity Based Costing, the manager of Great Little Ones Ply Ltd wants to adapt ABC costing method. Their accountant advised them they could allocate overheads to the following activities and use cost drivers as below: Cost Drivers ABC Costing Cost (3) Cost drivers 3 3-5 Total years years years old old old Cooking $50,000 The number of 235 470 470 1175 meals Administration $100,000 The number of 450 500 300 1250 tasks Occupancy $3 50,000 The number of 30 40 40 110 square meters used Total indirect $500,000 008! A.Under the Activity Based Costing (ABC) method, calculate indirect cost rate for Cooking only, you can use the table below to fill in your answer Activity 3 Cost Driver Indirect cost rate (workings) Cooking B.Under the Activity Based Costing (ABC) method, the indirect cost rate for Occupancy have been given to you, calculate the allocation of indirect cost for these two activities for the 3-5 years old only, you can use the table below Activity Indirect Cost Rate 3-5 years old 0H allocation(workings) Administration $80 per task Occupancy $3,181.82 per square meter used