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QUESTION TWO Mark ICLO Motor Ondow treatment des blinds and want tot een and Local come. The following information to a forme com a Meena Local Hevenue 1400,000 1580,000 CRY CON 30,000 50,000 Direct bour cost 100.000 300,000 The total ovelhead costs 1.735.000. Currently overhead is allocated to the products on the basis of the direct labour cost. Vatima, the correr does not believe data produced by current system and is considering implementing an ac ystem. She asks her accountant to conduct some investigations and there are as follows Estimated Activity overhead Scheduling and travel $85,000 Setup time 90,000 Supervision 60,000 Cost drivers Hours of travel Number of setups Direct labour cost The two products had the following expected use of cost drivers Local Regional 700 Hours of travel 500 Number of setups 200 300 $100,000 Direct labour cost $300,000 Regional 700 Hours of travel Local 500 200 $300,000 Number of setups Direct labour cost 300 $100.000 Required 3. Prepare income statements for each of the two product lines using the traditional costing system 14 Marks b. Prepare income statements for each of the two product lines using the Activity Based Costing system 16 Marks c. Briefly explain why the performance of the two products is different under the two methods. Provide specific examples from the data to support your answer (A Marks) Insert your answers to question 2 here) For the toolbar, press ALT+F10 (PC) or ALTFN+F10 (Mac). B 1 vs Paragraph v Arial V 10pt !!! TT 1 8 99 E3 B E 0)