please answer .reference chapter 4 activity -based costing Selected Topics in Management Accounting by David Annand

oncept Self-check 1. Fill in the blanks: a. Under activity-based costing, all fixed expenses related to each indirect resource are identified and combined into a separate b. A is calculated by dividing each cost pool total by the quantity of time available from the applicable resource. C. is calculated by dividing revenue by related expenses. 2. Assume a capacity cost rate of $50 per hour in a services firm and the charge-out rate of $80 per hour. Calculate the mark-up. 3. Assume a capacity cost rate of $100 per hour for law firm Employee A and $80 per hour for Employee B, a mark-up of 150%, and variable costs of $50 per client file. If the law firm uses time- driven activity-based costing, and Employee A works five hours and Employee B works eight hours on a file, calculate the total bill for services rendered