Q2. Read the following case relating to a toy manufacturing company produces two products: Product A and B and solve the questions given at the end of the case using the data. The budgeted cost information for each product is as follows. Particulars Product-A Product - B Material 30 40 Labor 20 15 Production overhead cost incurred Machine cost 300000 Set up cost 700000 Quality inspection cost 250000 Total 1250000 For each of product A and B we are also given the following information: Product "A" Product "B" No of units produced 20000 40000 No production runs 180 100 No of inspection 300 400 No of machine hours 50000 50000 Requirements: 1. Calculate the cost of each unit of product A and B under absorption (Traditional method) costing using the number of units as basis of absorption. 2. Calculate the cost of each unit of product A and B using ABC system. In this case we are required to suggest the toy company whether to adopt ABC or not