Profits for Bobs Antiques have been stable over the years. Today, Bobs Antiques is noticing more competition within its clock market. Each clock consumes $120 in raw materials, 10 hours of labor @ $20 each, and overhead is applied at 40% of labor costs. Determine the selling price of the clock, assuming that the companys policy is to apply a 75% markup on costs (show all work). Currently, Bobs Antiques uses job order costing to track production costs and it is considering using Activity Based Costing (ABC). Explain how costs are traced under ABC, and if you recommend the company to change costing systems and why.