Question 3 Not yet Marked out of 3.00 Flag question The following Information relates to Questions 1 to 3. Round each answer to 2 dec places (if rounding is required). Micro-safey Ltd manufactures microwaveable containers and bowls The following is a list of the main activities undertaken to manufacture containers and bowls and their activity drivers for the month just ended Activity Drivers Consumed Activity Activity Cost ($) Activity Drivers Containers Bowls Total Purchasing raw materials 600 No. of purchase orders 50 10 60 Setting up moulding machine 2,400 No. of setups 100 20 120 Moulding 120,000 No. of production runs 100 20 120 Assembly 75,000 No. of units 10,000 20,000 30,000 Total: 198,000 Additional information: Containers Bowls Total Direct labour cost (5) 1,000 1,000 2,000 Direct material cost ($) 7,000 18,000 25,000 Prime cost ($) 8,000 19.000 27,000 Question 1 Under an activity-based costing (ABC) system, what is the cost per activity driver for setting up moulding machine? SO Question 2 Under an ABC system, what is the cost of setting up moulding machine allocated to bowls? $o Question 3 Under an ABC system, what is the total cost assigned to bowls? in your calculations, please assume that the cost of the remaining three activities allocated to bowls (.e., excluding the cost of setting up moulding machine) is $ 70, 100. SO