• Week 2:Compute the unit cost of both the basic and deluxe toaster using both the unit-based approach, and the activity-based costing approach.Use the data and template provided in this file:Part 2 Writing Project.xls.Also, preparesample budgeted income statements and balance sheets based on the costing data you calculated. You can make your own assumptions related to the number needed to complete these statements.

PopUp Company produces two types of toasters, basic and deluxe. For the current period, the company reports the following data: Volume 20,000 unils 5,000 uniis Machine Hours LII!) 2,400 _-- Batches 315 125 Engineering Modifications 20 50 PrimeCosIs $20M _-- Market Prioe $25 per unit $60 per unit Additional Information Follows 1] Compute the manufacturing cost per unit of each toaster using the current unit-based approach. Under this system costs are assigned to the toasters on the basis of machine hours. 2] Compute the manufacturing cost per unit of each toaster using an actiwbased costing approach