Question 3 Two products, A and B, are made using similar equipment and methods. Data for the last period are: Product A Product B Units produced 6 000 8 000 Labour hours per unit 1 2 Machine hours per unit 4 2 Set-ups in period 15 45 Orders handled in the period 12 60 Overheads for period relating to: Production set-ups 179 000 Order handling 30 000 Machine activity 55 000 264 000 Calculate overheads to be absorbed per unit of each product based on: i. absorption costing using labour hour absorption rate. ii. an ABC approach using suitable cost drivers. Distinguish between activity-based costing and traditional costing. A. (6 marks) (11 marks) B. (3 marks) (Total 20 marks)