help please

Question 3 (20 marks) The management of Beads Assorted Inc. uses an activity-based costing system. Management recently undertook market research as they are hoping to launch two new waist beads; the clasp and the pin. Management wants to assess the costs of producing the items and has enlisted your assistance in doing so. The company uses a cost-plus system where all goods produced are marked up by 40%. Overheads are absorbed on a machine hour basis and the table below provides additional data on the items for production. The clasp waist bead requires 10 production runs, 120 machine hours and 20 inspections. Material and labour cost incurred are $112,750 and $91,250 respectively. The pin waist bead requires 9 production runs, 80 machine hours and 18 inspections. Material and labour costs are $231,700 and $150,000 respectively. Required: (a) Calculate the total cost and selling price assigned to a clasp waist bead using the traditional approach. (4 marks) (b) Calculate the total cost and selling price assigned to both waist beads using the ABC principles if the entity anticipates adding a 40% margin. (13 marks) (c) Explain three implementation problems often experienced when ABC is first introduced in an entity. (3 marks) Question 4 (21 marks) The manufacturer of baby strollers is planning to develop a new high-end stroller. Management is considering three price ranges and has estimated demand based on their recent market research among the elites. If the price is $5,100 demand is expected to be 5,000 strollers, at $6,000, the estimated demand is 3,650 and at $7,200 expected demand is 2,100 . Management is also considering three variable costs associated with the price options; $2,040, \$2,520, and \$3,120. Required (a) Produce an expected values table clearly showing the contribution for each of the nine possible outcomes. ( 9 marks) (b) Explain the terms 'maximax," 'maximin' and the 'minimax regret' and advise management on each based on your calculations in a. (12 marks)