C3 (12 Points) A food company makes two premium products - Pies and Cakes. The company is using an activity-based costing system. They have identified three activities for allocation of indirect costs for the period as follows: Activity Recipe design Production setup Packaging Cost Driver Number of ingredients Setup time Usage of wrapping material Cost-Allocation Rate $2 per ingredient $12 per hour $8 per yard Each batch of product consumes the following activities: Pies Cakes Number of ingredients Setup time 6 20 minutes - 12 40 minutes Usage of wrapping material 2 yards 5 yards Direct costs for each batch of product are as follows: Mold cleaning Direct materials $9 $18 Direct labor $20 Pies Cakes $6 $35 $10 The company receives a sales order for 50 batches of pies. The company requires an operating income of $10,000 on this order. C3 Required: C3 What is the selling price of one batch of pies for this sales order? Show supporting calculations. (12 points) sales order? Show supporting calculations. (12 points)