Pelican Smokers Lid produces two types of food smokers: Gas and Electric. Below is the budgeted information about the two products: Gas Electric Units produced per year 2.000 5.000 Direct material cost per unit $150 $200 Direct labour cost per unit $250 $450 The company is currently using the traditional costing method to allocate and apply the manufacturing overhead to the two products based on machine hours. The estimated total manufacturing overhead is $1,875,000 per year. In a recent meeting, the management has recommended using activity-based costing to determine the product costs with a view to enhancing its competitive advantage in the market. The management accountant has identified three cost pools, and the overhead for each cost pool is as follows: Machine setups 100,000 Machine processing 1,575,000 Material requisitions 200,000 Total overhead $ 1,875,000 The cost drivers for each of the above cost pools and their expected activities are as follows: Gas Electric Total Machine setups 100 150 250 Machine hours 4,500 10,500 15,000 Material requisitions 360 140 500 Required: methods: (a) Determine the total cost per unit for each product using the following overhead allocation (i) Traditional costing method (7 marks) (ii) Activity-based costing method (9 marks) (b) Based on your calculations in (a) above, comment on the differences of product costing management. under the two costing systems AND suggest one possible action to be taken by the (4 marks)