sestion 2 XYZ plc, manufactures four products, namely A, B, C, and D, using the same plant and processes. The following information relates to a production period: Product VolumeMaterial Direct Machine Labour Cost Cost per Labour Time per time per Unit V4 hour hour 2 hours Unit Unit 4 hour 4 hour 1 hour 1.5 hours 1.5 hours S3 S3 S12 S5 S5 $16 $17 500 5,000 600 S9 7,000 Total production overhead recorded by the cost accounting system is analyzed unde following headings: Factory overhead applicable to machine-oriented activity is $37,424 Set-up costs are $4,355 The cost of ordering materials is $1,920 Handling materials: $7,580 Spare parts: $ 8,600 Ttal548a According to th y products on a machine hour rate of $4.8 per hour. e current (traditional) costing system, these overhead costs are absorbed into the production overhead activities for the period reveals the following totals Number of Product Number of Times Number of Number of Spare Parts Set-ups Material Orders Material 2 10 4 4 12 You are required: 1. to calculate an overhead cost per product using traditional costing system 2. to calculate an overhead cost per product using activity-based costing system 3. Compare the results found under the traditional and activity-based costing systems and specify the product which is undercosted and the one which is overcosted