Implement an Activity-Based Costing (ABC) system at Starbucks to allocate costs to different products.

Cost Drivers	Allocation Basis	Annual Cost Allocation ($)
Preparation Time	Number of hours	80,000,000
Serving Time	Number of hours	50,000,000
Ingredient Usage	Amount of materials	70,000,000

Requirements:

Identify cost drivers such as preparation time, serving time, and ingredient usage.

Allocate costs to product categories like coffee, tea, and snacks based on production complexity.

Analyze profitability using ABC allocations and recommend optimization strategies.

Prepare a report showing cost allocations and profitability analysis.