answer qestions a,b,c,d with explination

ANALYZE, THINK, COMMUNICATE 0 ATC 5-1 Business Applications Case Using ABC to improve product costing Drilling Innovations Inc. produces specialized cutting heads used by companies that drill for oil and natural gas. The company recently implemented an ABC system for three of its products and is interested in evaluating its effectiveness before converting to an ABC system for all of its products. To perform this evaluation the company has compiled data for the three products using both the traditional system and the new ABC system. The traditional system uses a single driver (machine hours). The ABC system uses a variety of cost drivers related to the activities used to produce the cutting heads. The three products involved in the trial run of the ABC system were 63-157, HS-24l, and 05-367. The following data relate to these products. Page 248 Total Costs Selling Allocated: Cost per Unit: Total Cost Cost per Price per Units Traditional Traditional Allocated: Unit Product Unit Produced Costing Costing ABC ABC (SS-157 319.30 120.000 $1,600,000 513.3333 $1,500,000 312.5000 its-241 17.50 90,000 1,100,000 12.2222 1,050,000 11.6667 05-367 15.10 40.000 400,000 10.0000 550,000 13.7500 Totals 3I100I000 9.100.000 2. Determine the gross prot margin for each product produced based on the ABC data [(Selling price , ABC cost per unit) >