Fariana Ltd is a manufacturer of two products- LED TVs and LED laptops. 60,000 LED TVs are produced during the period where as 15,000 LED laptops are manufactured by Fariana. The company's ABC system has the following activity cost pools and activity measures: Activity Engineering and product deigns Machine setup costs Purchasing, storage and material handling Facility costs Selling and admin Quality assurance Tota I Activity cost po Cost Driver 450,000 Engineering hours 300,000 Setup hours 637,500 Storage hours 81,000 Machine hours 391,500 Labor hours 255,000 Inspection hours 2,115,000 The quantity of cost drivers used by both the products are also provided by the firm Activity Engineering and product deigns Machine setup costs Purchasing, storage and material handling Facility costs Selling and admin Quality assurance - LED TVs - LED laptops Qty of cost driver 12750 39750 1491 3741 22491 9741 Currently total Direct material cost of LED TV and LED laptops are 1,245,000 and 825,000 respectively and Total Direct labor costs are 600,000 and 195,000 respectively.