Part C of the case study CEO of AKS Limited was in a seminar and heard about the JIT approach. She wondered what IIT is and whether it would be a good approach for AKS Limited, based in Fiji. AKS Limited get the supplies from Australia and New Zealand and a couple of other components from India. CBO has approached you, the management accountant for the company, to analyse the benefits of JIT and its usefulness for the .Auedwoo Required 1. Use the current indirect manufacturing cost : location method based on direct labour hours [DLHS) to calculate the budgeted: (total 5 marks) (a) indirect manufacturing cost rate [1 mark) (b) indirect manufacturing cost for each product [2 marks] (c) total manufactured cost per unit for each product. (2 marks] 2. Calculate the budgeted indirect manufacturing cost rate for the four ABC cost pools (total 4 marks) Cost pool 1- labour - related costs [1 mark [i) Cost pool 2-machine-related operating costs (1 mark) [mii) Cost pool 3-production scheduling and other set-up costs (1 mark) [rv) Cost pool 4-materials handling costs [1 mark) 3. Use the ABC method to calculate the budgeted indirect manufacturing cost per unit for each product range. Calculate the difference in costs between the ABC method and the traditional approach in requirement 1. (one product X 3 marks) (total 9 marks) 4. Write a report to the CEO of AKS Limited explaining the concept of JIT and whether will it be a good option for the company to adopt the JIT approach. (total 7 marks) END OF CASE STUDY 1**+