Stuck on both b. And c.

Need assistance

7.7 Consider the following data for a clinical laboratory Activity Data Activity set up equipment Annual Costs 10,000 Number of tests 25,000 Number ofminutes per test 100,000 10,000 Cost Driver Test A Test B Test C Test D 2,000 1,500 1,000 500 00 Receive specimen 5 510 10% ?run test Number of minutes per test Number of minutes per test 5 10 20 o Record results Transmit results Total costs 3 3 33 Number of minutes per test 5,000 $150,000 a. Using ABC techniques, determine the allocation rate for each activity. b. Now, using this allocation rate, estimate the total cost of performing each test. Verify that the total annual costs aggregated from individual test costs equal the total annual costs of the laboratory given in the table above. 7.8 A hospital pharmacy il s three tynes of nrescrintions Prescription