AA Wallet Company manufactures and sells three types of wallets: Supreme, Elegant, Economy. The information listed below for the next year is available: Total overhead costs and activity levels for the year are estimated as follows: Required: a) Determine the activity-cost-driver rate for packaging costs and machine molding. b) Using the ABC system. for the Elegant wallet: compute the estimated overhead costs per wallet. compute the estimated operating profit per wallet. c) Using a traditional system (with direct labor hours as the overhead allocation base), for the Elegant wallet: compute the estimated overhead costs per wallet. compute the estimated operating profit per wallet. d) Explain the difference between the profits obtained from the traditional system and the ABC system. Which system provides a better estimate of profitability? Explain in details with illustrations. e) Explain what types of products are more suitable in using process costing than job costing and ABC