Your case for project 4 is Activity-Based Costing and the Evaluation of Customer Profitability: A Case Study. Requirement 1: Write a memo that addresses the following questions. a. Discuss Carolina Creations' practice of setting selling prices by applying a standard markup to the cost of goods sold. b. What issues should Daniel and Robin consider when determining how to identify the operating expenses with customers? What additional information would be useful in making the identifications? c. Can any of the operating expenses be directly related to individual customers in whole or in part, and why should that be done? d. Are there any operating expenses that should not be allocated to customers but should be treated as common costs instead? Submit your file with the name "Project4_Memo LastName.docx" Requirement 1 is worth 8 points