QUESTION 10 points Save Atte Payton Bags (PB) is a designer of high-quality backpacks. Each design is made in small batches. Each spring, PB comes out with new designs for the for the backpack. The company uses these designs for a year and then moves on to the next trend. The bags are all made on the same fabrication equipment that is expected to operate at capacity. The equipment must be switched over to a new design and set up to prepare for the production of each new batch of products. When completed, each batch of products is immediately shipped to a wholesaler. Shipping costs vary with the number of shipments. Budgeted information for the year is as follows: Direct materials-backpacks Direct manufacturing labour-backpacks 222,360.00 Shipping Design Plant utilities and administration 110,320.00 2,000 2,000 7.996.00 200 6,800.00 357,274.00 4 4,100 1. Identify the cost hierarchy level for each cost category 2 Identify the most appropriate cost driver for each cost category. Explain briefly your choice of cost driver 3. Calculate the budgeted cost per unit of cost driver for each cost category BIVS Ph Ar 10pt