Jeffrey Hospital ("JH") is a private hospital in Maryland. Total overheads for the last year amounted to $8,085,776. The breakdown of total overheads for each cost pool is as follows: JH carries out only surgical procedures on patients. Further data on surgical procedures performed over the last year are as follows: F The total direct material and labour cost per surgical procedure is $25. (a) Calculate the full cost per surgical procedure (in \$) using activity-based costing. [5 Marks] (b) Explain THREE (3) advantages and TWO (2) disadvantages of activity-based costing. [5 Marks] Prior to introducing activity-based costing, JH's management were using traditional cost management techniques such as marginal and absorption costing. (c) Define marginal and absorption costing. (d) Compare and contrast marginal and absorption costing. [4 marks] [6 marks]