Note: The above analysis (Bill of Activities and costs] accounts for direct labour and mathefurbg overhead activities Direct material cost per unit is 53.130 Required: 1. llifalaculate Tum Tum Foods Ltd (TTFL'J cost per 1kg pack of baked luncheon under the existing absorption costing system. (3 marks] Suggest three reasons why Yum Foods Ltd {YFL} may be able to sell its product at $3.51} over longer term. (3 marks} Calculate the cost per unit for T'I'FL's luncheons using activity-based costing (7 marks} What target cost would T'I'FL have to set for its luncheoas if it Wished to match the Y'E'L's price and maintain its existing markup?I (3 marks} Ev What amount TT.FL should decrease its cost to compete with YFL's price? (3 marks} Identify four eon-vahIc-added activities from TTFL's hill of activities to produce luncheoas. [2 marks} Suggest tvvo possible root cause cost drivers for each of the nonvalue added activities identied in {IS} above (4 marks}