Case Two: Bonne Ltd makes four soda products O, P, Q and R using the same material and production processes. They have used absorption costing system in the past, using machine hours to allocate overhead costs to their products. They are now looking to allocate costs using either variable costing system or activity-based costing system. Further information relating to the four products for 2021 are given below: O P Q R Selling price per 50.00 60.00 65.00 unit (E) 80.00 Production and sales volume 35,000 28,000 30,000 32,000 (units) Direct materials needed to make 3 3.5 3.5 5 one unit (litres) Direct labour hours to make 2.9 3.5 4 6.7 ten(10) units Machine hours 1 5 4 per unit 2 Number of 850 150 500 200 inspectionsNumber of set ups per annum Number of purchase orders per annum Direct labour costs 23 per hour and direct material costs 8 per litre. Production overhead costs consist of: E Set up costs 879,186 Inspection costs 780,314 Material ordering costs AM,\" Total 2.. 86. Using absorption costing system. the overhead absorption rate per unit for Product P 1. Using absorption costing system, the overhead absorption rate per unit for product P is 2. Using absorption.costing'system,what is the total production cost for one unit of product 0 3. Using EBB system, how much in total of set up cost should.be charged to the production of product P 4. Using EEC systeb, how much in total of material ordering cost should be charged to the production of product Q 5. Comment on difference in production costs of product {1' when EEC system used instead of Absorption costing system