RAK Cables Inc. manufactures two products: High Voltage (HV) Cable and Medium Voltage (MV) Cable. The company uses Activity Based Costing System (ABC) to allocate manufacturing overhead. The following data has been made available for 2018 Activity Cost driver Cost AED Activity Level HV MV Total Batch setups Number of setups 150,000 1,000 500 1,500 Supporting Direct Labor Number of direct labor hours 320,000 9,200 5,800 16,000 Order See Number of machine Hours 75,000 1,800 1,200 3.000 Customer Orders Number of Customer Orders 108,000 4,000 2,000 6000 Total Manufacturing costs 653,000 Required (Round to two decimal points, if needed): (30 marks) Acompute the activity rate per unit under the activity based costing system (ABC) (12 Marks) B.Compute the amount of overhead to be allocated to each of the company's two products (HV and MV) under activity based costing system (AB) If the above four activities are used to allocate overhead costs. (18 marks) TTTA 3112