Please show all workings.

The Pinewood Furniture Company Pty Ltd plans to manufacture two lines of chairs in the coming year lounge and patio. The company is considering introducing an activity-based costing system. Given below are each activity, its cost and its related activity driver. Cost Activity Activity Driver Material setups 300 000 Number of setups 250 000 Number of parts Material handling Cutting 700 000 Number of parts 600 000 Assembly Direct labour hours 450 000 Number of units Finishing