please do for 360 days

QUESTION 7: ABC costing [20 marks) LeadME, Is training company that provides management development training courses across Australia. It offers two training packages: a two-day short course (covering leadership skills, managing change and people management) and a five-day course (covering strategic management, supply chain management and performance measurement). At the end of the financial year, LeadME's management accountant reviewed the company's total costs with a view to set the prices for the coming year. Over the past 12 months the company ran 30 two-day courses, with an average of 50 participants and 50 five-day courses with an average of 25 participants. The total costs amounted to $943 000. Quantity of Activity Driver 80 310 The following activities and costs for last year: Activity Activity Cost Activity Driver Advertise Course $40 000 Number of courses Hire Presenter $600 000 Number of days Hire premises $38 000 Number of days Produce handouts $40 000 Number of participants Provide lunch $225 000 Number of person days Total Costs $943 000 310 2750 13 000 Required: 1. Estimate the cost of the two-day course using an average cost per day' approach. Provide your answer to the nearest whole number (5 marks). 2. Estimate the cost of the two-day course, using activity based costing. Provide your final answer rounded to the nearest whole number (10 marks). 3. Which cost out of those estimated in 1) and 2) above would provide a more reliable basis for cost-plus pricing? Explain your answer [5 marks]. QUESTION 7: ABC costing [20 marks) LeadME, Is training company that provides management development training courses across Australia. It offers two training packages: a two-day short course (covering leadership skills, managing change and people management) and a five-day course (covering strategic management, supply chain management and performance measurement). At the end of the financial year, LeadME's management accountant reviewed the company's total costs with a view to set the prices for the coming year. Over the past 12 months the company ran 30 two-day courses, with an average of 50 participants and 50 five-day courses with an average of 25 participants. The total costs amounted to $943 000. Quantity of Activity Driver 80 310 The following activities and costs for last year: Activity Activity Cost Activity Driver Advertise Course $40 000 Number of courses Hire Presenter $600 000 Number of days Hire premises $38 000 Number of days Produce handouts $40 000 Number of participants Provide lunch $225 000 Number of person days Total Costs $943 000 310 2750 13 000 Required: 1. Estimate the cost of the two-day course using an average cost per day' approach. Provide your answer to the nearest whole number (5 marks). 2. Estimate the cost of the two-day course, using activity based costing. Provide your final answer rounded to the nearest whole number (10 marks). 3. Which cost out of those estimated in 1) and 2) above would provide a more reliable basis for cost-plus pricing? Explain your answer [5 marks]