(a) Calculate the profit per unit of each of the three products using the current [8] absorption costing system (showing calculations and your answer to two decimal places). Your calculation should include how the total cost is made up for each of the three products. (b) [12] Calculate a revised profit per unit for each of the three products using an activity-based costing (ABC) approach (showing calculations and your answer to two decimal places). Your answer should show clearly how the total cost is made up for each of the three products. The company has produced the following budgeted information for August 2022: Larder Built-in fridge American style fridge fridge freezer Total Sales and 400 300 250 production (units) Unit Selling Price () 350 450 1,500 Unit Material Cost () 50 65 885 Unit Labour cost () 80 100 230 Total number of 4 6 5 purchase orders Production set-ups per 4 3 2 unit Total number of 10 50 5 deliveries Production overheads Purchasing costs 85,000 Production run set-up costs 80,000 Delivery costs 34,000 199,000 Labour rate is 20 per hour