8. MK Ltd. manufacture baskets. The company uses activity based costing to allocate indirect costs to products. Its activities and related data are as follows: Activity Budgeted Monthly Cost of Activity Allocation Base Materials handling 500,000 Number of purchase orders Assembling 980,000 Direct labour hours The company produced two styles of basket in July: the standard basket and the wicker basket. Data for each as follows: Section A continues on the next page 5 Product Total units produced Total direct materials costs Total number of purchase orders Total assembling direct labour hours Standard basket 15,000 220,000 2,000 22,000 Wicker basket 20,000 158,000 1,000 100,000 What is the per unit manufacturing cost of the wicker basket (round to the nearest cent)? a) 56.40 b) 48.67 c) 48.50 d) 75.20