define Activity Based Costing. list the steps for implementing Activity Based Costing.

7. Jason Ltd Produces two types of calculators: Financial and Mathematical. Data related to both the products are presented below: Compute the Manufacturing Overhead Cost Per Unit for each Product. (11 marks) Particulars Anemal production in units Direct material costs Direct Manufacturing labour costs Direct Manufacturing labour hours Machine hours Number of production units Inspection hours Financial 45,000 $180,000 $90,000 2500 30.000 45 1200 Mathematical 90,000 $360,000 $180,000 5000 60,000 45 600 Both products pass through Department 1 and Department 2. The department combined manufacturing overhead costs are: Costs Total $560 000 Setup 109,000 Inspection 117,000 4