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The entity currently prices all jobs using the cost-plus pricing method and currently uses a 20% margin. Overheads are currently absorbed o machine hour basis but the entity wants to switch to activity based costing (ABC). You are given the following data: Go Lite tvpically takes 50 set ups, 30 inspections and 300 machine hours while Go Pro requires 30 set ups, 10 inspection and 330 machine hours The material cost and labour cost of the Co Lite is $230.000 and $255.000 respectively. For the Co Pro material and labour cost amounts to $200.000 and $150,000 respectively Required ta) Caiculate me totat eost and seiline inice assiened to the Go Lite usine the tratitional anoroach [4 marks] makue [13 maiks]