ABC Ltd currently produces two ranges of products called FT and PT. The two products use the same equipment and similar processes to produce. An extract of the production data for these products in one period is shown below. Direct labor is paid at $8 per hour. Required (a) Calculate total production cost of FT and PT, using the following costing methods: (i) A traditional absorption costing approach using a direct labour hour rate to absorb overhead. (ii) An activity based costing (ABC) approach, using suitable cost drivers to trace overhead to products. (b) Discuss the appropriateness of using absorption costing and ABC, referring to the question scenario and the results in part (a) above