Help on Traditional absorption costing! I don't know how to solve these practice questions...

These questions are only based on the traditional absorption costing part...

Q1

Joetows Company manufactures and sells two Models of Laser Photocopy Machines, P1 and P2. It sells P1 for $2,000 and P2 for $2,500 each. According to the marketing department's report, the sales agents sell P2 very quickly but struggle to sell any P1. They have invited a management accountant consultant to review their current costing and pricing policies. The management accountant consultant recommends reducing the sale price of P1 and increasing the sale price of P2. The company currently uses traditional costing systems. It used the number of productions to allocate overhead costs. Using traditional absorption costing and activity-based costing (ABC) to determine, the accurate production costs for these two products and express your view regarding therecommendation made by the consultant. The available information concerning the last month's operations appears below: From the centre's management information system, you extract the following information on activities, costs, and activity drivers for the current period:

P1 P2 Units produced 19,283 9,251 Materials: Number of parts 12 23 Price part per part $36 $51 Direct labour The time needed per unit (minutes) 14 27 Labour hour rate $21 $26 Activity Expected Cost Machine set-up $15,433 Materials ordering $519,264 Machine hours $341,992 Injection moulding $11,940 No of Product design $26,496 Product movements $16,683,516 Customer order $2,150,052 Online monitoring security (hours) $149,150 Total Overhead $19,897,843 Cost hierarchies P1 P2 No. of machine set-ups Batch level 98 155 No. of material orders Batch level 1,592 3.817 Machine hours Batch level 1,109 4.407 Injection moulding (batches) Batch level 10 50 No of Product design Product level 12 20 No. of product movements Product level 1,963 7,703 Customer order (number of orders) Customer level 860 4.296 Online monitoring Security (hours) Facility level 2,579 3,387