Hello company manufactures three products, A, B and C. Forecast data concerning overheads (indirect costs) of the products for the next period as follows. A B C Forecast output 50 60 80 (units) Machine hours per |4 3 2 unit Number of 8 10 12 customer orders Number of quality 15 20 25 control inspections Number of 8 7 5 engineering consultancies Areas of 3,000 4,500 2,500 workshops (m) Cost pools and related cost drivers Cost pool $ Cost driver Machine operating 27,000 Machine hours Order processing 6,000 No. of customer orders Quality control 3,000 No. of quality control inspections Engineering consultancy 2,000 No. of engineer consultancies Rent of the campus 10,000 Areas of workshops Required Calculate the overhead cost to be absorbed by each of the products using the following absorption costing methods. (1) A traditional absorption method based on a machine hour rate. (2) An activity-based method, using the relevant cost drivers to trace overhead costs to the individual products