Question 2 a. Distinguish between activity-based costing and the traditional volume-based costing method. b. Nana Kay Ltd (NKI) manufactures a unique hair pomade-Nwinwura. The product's standard selling price is GH100, and NKL projected that monthly production and sales are 1.000 units. The standard cost of the product is GH80, which is made up of the following cost elements: Direct materials: 15 grams at GH3.00 per grams: Direct labour: 5 hours at GH4 per hour; Variable manufacturing overheads: 5 hours at GHe2 per hour; and Fixed manufacturing overheads: 5 hours at GHel per hour. During March 2021, the actual data for the period extracted from the books of NKL are as follows: i. A total of 1,400 units of the products were manufactured, and the total units of the produc sold were 1,200 units at a price of GHe 102 per unit. Pape