Please provide step by step because I don't know how to do the ABC method. I will give thumbs up.

Jefferis Inc. manufactures only two products, Medium (42-inch) and Large (63-inch) plasma screen TVs. To generate adequate profit and cover its expenses throughout the value chain, Jefferis prices its TVs at 250% of manufacturing cost. The company is concerned because the Large mo is facing severe pricing competition, whereas the Medium model is the low-price leader in the market. The CEO questions whether the cost numbers generated by the accounting system are correct. He has just learned about ABC and wants to reanalyze this past year's product costs using ABC system. Information about the company's products this past year follows: (Click the icon to view the data.) Currently, the company applies manufacturing overhead on the basis of direct labour hours. The company incurred $895,080 of MOH this year and 26,100 direct labour hours (9,500 direct labour hours making Medium TVs and 16,600 making Large TVs). The ABC team identified three prin production activities that generate MOH costs E: (Click the icon to view the production activities.) Requirements $ 895,080 26,100 34.29 Now use this rate to allocate the overhead to each model, and then calculate the average cost of making each unit of each model. (Round cost per unit to the nearest cent.) Manufacturing cost Medium Large Direct materials $ 661,000 $ 1,240,000 Direct labour 221,000 390,000 Manufacturing overhead 325,755 569,214 Total manufacturing cost $ 1,207,755 $ 2,199,214 Number of units produced 2.900 4,400 416.47 $ 499.82 Cost per unit Requirement 2. Use ABC to find the total cost of producing all Medium TVs and the total cost of producing all Large TVs. What was the average cost of making each unit of each model? Round your answers to the nearest cent. Begin by identifying the formula to compute the activity cost allocation rates, and then calculate the activity cost allocation rates. (Round your answers to the nearest cent.) Activity overhead / Total activity allocation base Activity allocation rate Materials handling 1 / mat. orders handled Machine processing 1 / machine hour Packaging 1 packaging hour = 26,100 34.29 I, and th (Rour Production activities Data ge 10,000 20,000 59,214 The company's manufacturing overhead numbers are as follows: Medium (42-inch) Plasma TVs: Total direct material cost: $661,000 99,214 4.400 Total direct labour cost: $221,000 Production volume: 2,900 units Materials Handling ($165,600); driven by number of material orders handled Machine Processing ($625,600); driven by machine hours Packaging ($103,880), driven by packaging hours The company's only two products required the following activity levels during the 199.82 year as the ting all M ost allod Round Large (63-inch) Plasma TVs Total direct material cost: $1,240,000 Total direct labour cost: $390,000 Production volume: 4,400 units Material Orders Handled Machine Packaging Hours Hours 23,000 4,200 Total Medium 410 Large........... 280 23,000 6,400 Print Done Print Done e Help