Question No. 3. Consider yourself as the Project Manager of a large Construction company which is constructing a project of 100 apartments in Murree. It has 70 apartments of 4 bed room and 30 of 6 bedroom. All 4 bedroom apartments use 70% and 6-bedroom apartments use 30% of overhead cost driver for each activity Similarly, they use 70% and 30% of the direct costs of each type respectively. Your CEO has asked you to calculate Total cost based on individual activity and cost allocation bases. The data available from your company is given in following figure. You are required to apply activity-based costing methods to Calculate: - a) Indirect cost rate of each activity ..20 marks b) Total Indirect cost for each type of apartment. ..20 marks c) Total Direct cost for each type of apartment. 20 marks d) Total cost for each type of apartment.. 20 marks e) Price of each type of apartment using 40% markup(cost plus pricing strategy) on 4 bed room and 60% on 6 bedroom.. ...20 marks DESIGN 50M LABOUR HOURS 1000 SITE PREP FOUNDATION STRUCTURE FINISHING LANDSCAPE 10M 40M 300M 100M 30M I MACHINE TONS OF CONCRETE PAINT AREA HRS STEEL 20000 10000 50,000 FTA3 50000 UT 10KM^2 I I 1 I 1 1 INDIRECT COST DIRECT COST DIRECT MATERIALS 100M DIRECT LABOUR SOM DIRECT MACHINE 40M