Cost accounting, conventional and ABC costing, please attempt all

QUESTION4 Trimake limited makes three main products using broadly the same production methods and equipment for each with the following details Materials 20 25 Volumes Units 750 Hours per unit achine hours 1.5 Product Labour hours 0.5 7,000 Direct labour costs 6 per hour and production overheads are absorbed on machine hour basis. The rate for the period is 28 per machine hour. You are required to calculate the cost per unit for each product using conventional costing methods a) (3Marks Further analysis shows that the total production overheads can be divided as follows 35% 15% 100% Costs relating to set ups osts relating to machinery Costs relating to materials handling Costs relating to inspection Total production overhead The following activity volumes are associated with the product line for the period a whole. Total activities for the period Number of materials movements Number of inspections ProductNumber of set-ups 150 180 21 115 480 670 1,000 120 TOTAL You are required: To calculate the cost per unit for each product using ABC Principles; (20Marks) To comment on any reasons for the differences in the costs in your answers to a) and b) c) (2Marks