a. The budgeted manufacturing overhead costs of B-Best Factory for the year 2018 are as follows: In the last five years, the business used the basis of direct labor hours to charge overheads. In the year 2017, the budgeted direct labor hours are 100,000 and the budgeted production of Product M is 10,000 units. You are required to: i. Calculate the appropriate overhead absorption rate using traditional method. Show your workings. (4 marks) ii. Calculate the appropriate overhead absorption rate using activity-based costing method. Show your workings. (4 marks) iii. Calculate the product cost per unit if direct materials cost is $50 per unit and direct labor is 2 hours per unit at $15, using the following method: a. Traditional costing method (4 marks) b. ABC method (4 marks) iv. How does ABC differ from that of a traditional costing approach in charging overheads to products? (3 marks) v. What are the problems associated with implementing ABC