Lakers Ltd is considering three projects and has decided to apply ABC analysis to estimate the costs of the projects. Additional information relating to the prospective projects is as follows. The following information was obtained from the company. Required: A. Calculate the cost driver rates for each activity. (5 marks) B. Calculate the total cost of each project using the ABC approach. (13 marks) C. Differentiate between Activity Based Costing and Traditional Costing. (2 marks)