(c) Peploe Ltd manufactures components for the light aircraft Industry. The following information represents budgeted data on three components: P Q R per unit per unit per unit Selling price Direct materials Direct labour Units produced and sold 250 45 35 12,000 195 38 40 16,000 180 36 40 | 20,000 The total number of activities for the products were as follows: P: 1,500 purchase requisitions, 250 machine set ups Q: 2,000 purchase requisitions; 300 machine set ups R: 2,500 purchase requisitions, 300 machine set ups Overhead costs have been analysed as: Receiving/Inspecting quality assurance 2,100,000 Production scheduling/machine set up 1,487,500 Calculate the budgeted profit per unit for each product using activity based costing (calculations to nearest pence). [7] Explain the key stages in the development of an activity-based budgeting [10] system. 1