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The company uses an activity-based costng system to allocate its overhead cost to the manufacturing process. In using the activity-based cost system the company uses four overhead activities, production setup, procurement, quality control and materials management, in each production department. An activity analysis of the overhead related to the cutting department revealed the following estimated costs and activity bases for the four overhead activities. The activity-based usage quantities for each product in the cutting department are as follows: Required: a) Determine the cost driver rate for each activity. (6 marks) b) Calculate the total overhead cost assigned to each product in the cutting department using the rates computed in A (12 marks) c) Determine the unit activity (overhead) for each product in the cutting department. (4 marks) d) Distinguish between activity-based costing and traditional costing. (4 marks) e) Outline the stages of the ABC process (4 marks)