Criticize the traditional costing systems used to allocate manufacturing overhead to cost objects. Explain how did activity based costing overcome the shortcomings of the traditional costing system and support your discussion with numerical examples through comparing cost per unit under the two systems.

Demonstrate the concept of EUP and its calculation under Weighted Average and FIFO method with an illustration. (Use imaginary figures of your own).

Prepare a format of the Contribution Income Statement with imaginary figures. Also use the information of this contribution income statement to find BEP in sales.