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Remaining Time: 19 minutes, 40 seconds Question Completion Status: Hours of travel Number of setups Direct labour cost 700 300 $100,000 500 200 $300,000 Required a. Prepare income statements for each of the two product lines using the traditional cosing System (4 Marks) b. Prepare income statements for each of the two product lines using the Activity Based Costing system (6 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 4 Marks), [insert your answers to question 2 here) Arial v 10pt . IE 1!! A 4 v T. 36 g Q For the toolbar, press A.T-F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph x x 10 + 99 EB E. BU x2 mation relates to its budgeted data for the current year Mokhtar Castells window treatments des blinds and wings tobom Regional and local customers. The follo Besional Local Revenue $400.000 Direct materials cost 30.000 50.000 Direct our com 100.000 300.000 5580.000 The total overhead cost is $235.000. Currently, Overhead is allocated to the products on the basis of the direct labour cost. Fatima, the controller does not believe the data produced by the Current system and is considering implemenangan Anc system. She asks her tetortant to conduct some investigations and the results are as follow Estimated Activity overhead Scheduling and travel $85.000 Setup time 90.000 Supervision 60,000 Cost drivers Hours of travel Number of stupe Direct labour cost The two products had the following expected use of cost drivers Regional Hours of travel Number of Director Local 500 200 1100.000 100 $100,000