following information for next year: Cost Pool Cost () Cost Driver Number of drivers Production set-ups 210,000 Set-ups 600 Product testing 600,000 Tests 3,000 Component supply and storage 50,000 Component Orders 1,000 Customer orders and delivery 225,000 Customer Orders 2,000 Other information: General fixed overheads are expected to be 1,800,000. These overheads cannot be linked to a specific activity so they are absorbed on a labour hour basis. Total direct labour hours = 600,000 The company manufactures a product called Sand25. Details regarding Sand25 are given below: . Number of units to be produced of Sand25 = 18,000 . Number of units per production run needed for Sand25 = 1,800 Four product tests are carried out during each production run to ensure that quality standards are maintained. One order for components is placed before each production run. Expected orders for product Sand25 = 320 Direct labour: Component cost: Profit Mark up: 10 minutes per unit at 12 per hour 1.50 per unit 50% of total unit cost Required: (a) Calculate the Cost Driver rates (overhead absorption rates) for each cost pool. [4 marks] (b) Calculate the total annual overhead cost for Sand25. [15 marks] (c) Calculate the total unit cost and selling price for Product Sand25. [6 marks] prime