Bristol Electronics produces wide range of electronic products. The company has a labour based costing system that was introduced in the 1970s and is now considering implementing an activity based costing (ABC) system. Managers are concerned about how they should compare the ABC data with the existing costing system. Selected data from the management accounts for the year ending 31" December 2017. Cost data Total manufacturing overhead for 1.000.000 year Total hours for year Direct labour cost per hour Data for 3 products only 60,000 hours Product Product Product 1,000 2,000 5,000 Annual production units: Material cost per 5.00 6.00 7.00 Direct labour 100 1.50 0.50 hours per unit ABC data for all products Annual costs Annual Cost pool driver (Ex) volume Number of set-ups 200,000 1,000 pection time 500,000 3,000 Chours) Machine 100,000 5,000 maintenance (hours) Number of purchases 100,000 500 Number of 100,000 500 shipments 1,000,000 ABC data 3 Product Product Product products Number of se 20 180 30 Inspection time 20 50 300 Chours) Machine maintenance 30 40 20 hours Number of purchases 3 4 15 Number of shipments Determine the total overhead cost for Product C using the number of labour hours to apply overhead. Multiple Choice 35,000 25,000 41,667 51,667