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1 Choose a manufacturing cornpany and assume that your company is currently producing only 3 types of products. Define tme Production activity and Production Support activities (minimum 5), which take place in your convany_ 2. Define the costs incurred in your company (10 items) and classify them into the categories as follows- 2_ 1 _ period costs and product costs; 2_2_ variable costs, fixed costs, and mixed costs; 2_3_ direct costs and indirect costs; 2_4_ cornmitted fixed costs and discretionary fixed costs; 2_5_ relevant and irrelevant costs. 3. Define and cornpute total manufacturing overhead costs (related to Production Support Activities). 4. Compute total direct costs (Direct Labour and Direct Materials) and total indirect costs (related to the Production Support Activities). 5. Allocate indirect Production costs using traditional cost system. For this purpose, you need to define the allocation rate to be applied. 6_ Allocate indirect production costs under Activity-based costing (ABC) system. For this purpose, you will need to do the folowing: 6_ 1 _ Define the Cost - Allocation Base for each of the Production Support Activities 6_2_ Determine Resources Costs needed for each Production Support Activity. 6_3_ Compute the number of cost driver units for each of the three products being produced by your company. 6 4. Allocate the costs of the Production Support Activities to the three cost objects three products 7 _ Compute the total manufacturing costs for each product under traditional costing system and ABC system. 8 _ Critically explain why costs are different in the tvo costing systems. Include an indication of which costs you think are most accurate and why 9. Budgeting: 9.1 _ Set up the unit selling price and prepare Sales Budget 9_2_ Prepare Budgeted Income Statement. 10_ Cost-Volurne-Profit Analysis 10.1 _ Calculate Break-even sales volume (both in OMR and in total units) for each product