Question 2 A. How does Activity-Based Costing differ from traditional costing? (2 marks) B. Identify any TWO (2) advantages and any TWO (2) limitations of Activity-Based Costing. (4 marks) C. McNish Enterprise manufactures and sells two products, Standard and Premium. The company uses the activity-based costing system to allocate its overhead costs. The following information has been collected relating to the SIX(6) overhead activities: The activity-based usage quantities for each product are as follows: Required: i. Calculate the activity rate for each activity. (9 marks) ii. Calculate the total overhead cost assigned to each product based on rates calculated in (i.) above. (12 marks) iii. Calculate the unit cost for each product. (3 marks) (Total 30 marks) 19/05 The Council of Community Colleges of Jamaica Page 8 ACCT240I Question 3 Kal's ltd manufactures a product that passes through two processes. The following information relates to Period 2