Consider the following data for a clinical laboratory: a). Using ABC techniques, determine the allocation rate for each activity. b). Now, using this allocation rate, estimate the total cost of performing each test. c). Verify that the total annual costs aggregated from individual test costs equal the total annual costs of the laboratory given in the data above. Annual ActivityCosts Cost Driver Test A Test B Test C Test D Receive specimen$10,000 Number of Tests 2.000 1,500 1,000 500 Set up No. of mins. per 55 equipment 25.000 10 10 No. of mins. per 1 test Run test 100,000 10 20 Record results 10,000 No. of mins. per 22 test No. of mins. per test Transmit results 5,000 Total costs$150,000