Al-Yaqeen Manufacturing is currently applying manufacturing overhead based on budgeted direct labor hours. Budgeted direct labor hours for the year is 100,000. The company is thinking of using Activity based Costing system and has identifies four activities. The four activities, cost drivers, annual activity level, and expected overhead costs for each activity for the year are listed below. Annual Cost-Driver Activity Cost Driver Activity Level Expected MOH ($) Maintenance Machine hours 40,000 300,000 | Materials Handling Material moves 6,000 150,000 Setups Setups 10,000 200,000 Inspection Quality inspections 15.625 250,000 Total Budgeted MOH 900,000 Estimates for one of the products sold by the company, product AS1, are as follows: Direct materials $20,000 Direct labor (1,000 hours) $15,000 Number of materials moves 20 Number of inspections 25 Number of setups 5 Number of machine hours 750 a. What is the expected total cost of product AS1 if traditional cost accounting is used? b. What is the expected total cost of product AS1 if activity-based costing is used? c. Which approach do you think provides better information for manufacturing managers? Explain your