Question One a) Explain the following terms Under absorption of overheads. (2 marks) Over absorption of overheads. (2 marks) Show an illustration of the treatment of under&over absorption of overheads in an income b) statement. State the effects that both will have on Gross Profit. (4 marks) c) Explain Activity Based Costing (ABC) (2 marks) d) State one (1) assumption of the ABC technique (1 mark) e) Identify one (1) aim of the ABC method (1 mark) f) Give one (1) difference between the ABC method and the Traditional method of allocating overheads.(1 mark) Identify four types of standards and evaluate the impact that one (1) of the standards identified may have on employees. (8 marks) g)