P7.7 7.7 Consider the following data for a clinical laboratory Activity Data Annual Costs Test A Test B Test C Test D 2,000 1,500 1,000 500 Cost Driver Activity Receive specimen 10,000 Number of tests Set up equipment 25,000 Number of minutes per test5 5 10 10 15 10 20 Run test Record results Transmit results Total costs 100,000 Number of minutes per test 10,000 Number of minutes per test 5,000 Number of minutes per test 2 2 $150,000 E ABC techniques, determine the activity performing ceach test. costs equal the total annual costs of the laboratory given in the b. Now, using this allocation rate, estimate the total cost of c. Verify that the total annual costs aggregated from individual test table above