Company XYZ manufactures two types of metal plating, regular steel plating and steel plating treated with specific chemicals. The two products are produced on the same machines; however the treated steel production needs more inspection. Also the machines need to be cleaned more often when treated steel is produced. The daily inspection costs are $800 and the daily cleaning costs are $1,500. Below is the daily production data: Pounds produced per day Machine hours per pound Inspection hours per product line Cleaning hours per product line Regular steel 11,000 0.1 5 2 Treated steel 3,000 0.3 12 5 A. Calculate the inspection and cleaning costs per pound of both types of steel using traditional absorption costing with the number of machine hours as the allocation base. (8 points) B. Calculate the inspection and cleaning costs per pound of both types of steel using activity based costing. Assume inspection hours and cleaning hours are the respective cost drivers. (8 Points) differences between the costs allocated under ABC and