Question Completion Status: Company XYZ has two fixed price contracts for two different clients. The company has enough capacity for both contracts but is uncertain whether they will be profitable. Data as follows: Customer AAA BBB Component Type A999 B999 Contract Value($) $27,000 $100,000 Contract Quantity 1,000 unit 2,000 units Material cost/unit $15 $20 Molding time/batch 5 hours 7.5 hours Batch Size 100 units 50 units Annual Budgeted overheads as follows Activity Cost Driver Cost driver Cost volume/year pool Molding Molding hours 2,000 $150,000 Inspection Batches 150 $75,000 Production Mgmt Contracts 20 $125,000 Required: a. Calculate the activity-based costs and profits for each contract. There is not a word length requirement for this question however you must show your work