Calculate the cost and the quoted price of a GC and an EX using traditional costing system and activity based costing (ABC) system and comment on the differences. Thank you in advance for your help :)

Styles 1. Brick by Brick (BBB) is a business which provides a range of building services to the public. Recently they have been asked to quote for garage conversions (GC) and extensions to properties (EX) and have found that they are winning fewer GC contracts than expected. BBB has a policy to price all jobs at budgeted total cost plus 50%. Overheads are currently absorbed on a labor hour basis, resulting in a budgeted total cost of RM 11,000 for each GC and RM 20,500 for each EX. The company is considering moving to an activity-based cost approach. You are provided with the following data: Overhead Annual Activity Total number category overheads driver of activities per year (RM) Supervisors 90,000 Site visits 500 Planners 70,000 Planning documents Property related 240,000 Labour 40,000 hours Total 400,000 7 250 A typical GC costs RM 3,500 in materials and takes 300 labour hours to complete. A GC requires only one site visit by a supervisor and needs only one planning document to be raised. The typical EX costs RM 8,000 in materials and takes 500 hours to complete. An EX nosix site visits and five planning documents. In all cases, labour is paid RM 15 per hour