1.lsa & Co manufactures three types of chairs: X, Y and Z. The following information relates to July 2020: Units produced and sold Y Z 30 120 150 $ 395 285 225 85 60 50 120 100 80 Selling price per chair Material cost per chair Labour cost per chair Cost driver data: X Y Z Wood (metres) per chair 10 9 9 Leather (metres) per chair 4 2 0 Despatch and transport (cost driver is units produced and sold) The overheads in July comprised: Purchasing and checking leather hide $4,000 Purchasing wood $2,400 Despatch and transport $6,000 Required: 1.Calculate Isa & Co costs and profits per chair type X, Y and Z for July 2020, using Activity-based costing (ABC) method. (6 Points) 2.Distinguish between the following terms: (i) Cost object (ii) Cost driver Immersive Reader (4 Points)