Consider the following budgeted information for a firm producing three products Units to be produced Orders to be shipped Number of parts per unit Machine hours per unit Labor hours per unit Overhead Analysis: Activity Material handling Material insertion Product A 10,000 1,000 10 1 3 Product B 5,000 500 15. 3 2 Budgeted Cost $ 225,000 2,475,000 840,000 170,000 170,000 $3,880,000 using traditional costing (with labor hours as the allocation basis) Automated machinery Finishing Packaging Total indirect manufacturing cost I. Complete the following table showing unit overhead costs: Product C 2,000 200 25 5 3 using traditional costing (with machine hours as the allocation basis) using Activity Based Costing Cost Driver Number of parts Number of parts Machine hours Labor hours Orders shipped Product A Product B Product C II. a. Using an ABC system, how much of the Material handling and material insertion costs would be allocated to one unit of Product A? b. Suppose the firm used a traditional volume-based cost accounting system, allocating all overhead based on labor hours. How much of the Material handling and material insertion costs would be allocated to one unit of Product A?