Page Break Question 2 (25 marks) - Activity Based Costing (ABC) Wyoming Manufacturing Limited has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labour hours (DUHs). The company has two products, Widgets and Trinkets, about which it has provided the following data: $62.90 $11.50 $2.00 $13.00 Direct Materials per unit Direct Labour per unit Direct labour hours per unit Annual production 0.20 1.30 1 45,000 10,000 The firm's estimated total manufacturing overhead for the year is $1,521,960 and the firm's estimated total direct labour-hours for the year is 22,000. The company is considering using activity-based costing to determine its unit product costs. Data for this proposed activity-based costing system appear below: The company is considering using activity based costing to determine its unit producents Data for this proposed activity based costing system appear below: 9,000 22,000 Supporting direct labour Setting up machines Parts administration 13,000 374 814 1,188 924 1,012 1,936 Activities & Drivers Estimated MOH cost I Supporting direct labour (DLH) Setting up machines (setups) Parts Administration (part types) $352,000 $ 201,960 $968,000 $1,521,960 Total