1. Tough Thermos Inc. Manufacturers two plastic thermos containers( Ice House and Cool Chest) at its plastic moulding facility in Gander, NL. Ice House sells for $40 and 50,000 units are produced. Cool Chest sells for S45 and 20,000 units are produced. Currently overhead is allocated using direct labour hours. The following information was obtained from company records: Activity Cost Driver Estimated Cost Ice House Cool Chest Purchasing Number of orders 175250 2,800 2,200 Machine set-ups Number of set- 195,000 480 300 ups Extruding Machine hours 320,000 20,000 80,000 Quality Control Tests and 100,000 5,000 3,000 inspections Ice House Cool Chest Direct materials $9.50 56.00 Direct labour ($10 per hour) 7.50 58.5 Required (all answers should be done using excel) 20 marks a. Determine prot margin per unit for each product using traditional method of allocating overhead (direct labour hours). b. Determine the profit margin per unit for each product using ABC. c. Explain to management any insights from this analysis