LSP Company produces 2 products that use the same amount of direct materials and direct labour. However, the Luxury product requires less indirect manufacturing overhead activities as compared to the Standard product. The manufacturing overhead activities, their costs, and other related data are as follows: Setups $3,000 Machining $18,000 Total manufacturing overhead $21,000 The controller has collected the following expected annual costs for each product, the machine hours, setup hours and expected production. Luxury Standard Total Direct labour costs $6,000 $6,000 $12,000 Units produced 2,500 3,500 6,000 Set up hours used 100 100 500 Machine hours used 4,500 5,000 200 Required: (round to 2 decimal places) a) Calculate the unit manufacturing overhead cost for each product using a plant wide rate based on direct labour cost to allocate overhead. (4 marks) b) Calculate the unit manufacturing cost for each product using activity based costing (ie allocate set up costs based on setup hours and machining costs based on machine hours). (5 marks) c) Given your results in parts a) and b), does ABC costing result in more accurate costing of units? Explain