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Required information The Chapter 7 Form worksheet is to be used to create your own worksheet version of the Review Problem for Activity Based Costing found in the text finclude a link of the problem). 2. Assume that OtficeMart places orders more frequently. but everything else remains the same. On your worksheet increase the number of orders from 4 to 17. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) a) What is the customer margin under activity-based costing when the number of orders increases to 17? (Enter a loss as a negative amount.) (b) What is the product margin under the traditional costing system when the number of orders increases to 17? (Enter a loss as a negative amount.) (c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with th question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 7 If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease. 2 If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will decrease. 2 If a customer orders more frequenty, but orders the same totol number of units over the course of a yeat, the customer margin under. activity based costing wili be unatfected. 3. OfficeMart has found an error in its data. The percentage of selling and administrative overhead attributable to processing orders should be changed to 25% from 45% and the percentage attributable to supporting customers should be changed to 45% from 25%. a) Based on new number of orders in Requirement 2, what is the customer margin under activity-based costing when the data are torrected? (Enter a loss as a negative amount.) (b) Based on new number of orders in Requirement 2, what is the product margin under the traditional costing system when the data are corrected? (Enter a loss as a negative amount.) (c) Which of the following statements are true about what happens when the percentage of selling and administrative overhead attributable to processing orders declines and the percentage of selling and administrative overhead attributable to supporting customers increases by the same amount? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 When the percentage of selling and administative ovemead attributable to processing orders declines and the percentage of selling and administrative overhead attributable to supporing customers increases by the same amount, costs are shifted from the processing orders cost poot to the supporting customers cost pool, 7 When the percentage of seling and administrative overhead attributabio to processing orders decines and the percentage of selling and administrative overhead attributabie to supporting customers increses by the same amount, costs will be shifted from customers who order more frequentlv to those who order less freaventlv