Swaggering ladies manufactures custom jewelry. The company has in the past been using a traditional overhead allocation system based solely on direct labour hours. Sensing that this system was distorting costs and selling prices, it has decided to switch to an activity-based costing system using three activity cost pools. Information on these activity cost pools are as follows: Activity Cost Pool Estimated Activity Estimated Overhead Costs (GHS) Labour related Machine related Quality control 8,000 direct labour hours 12,500 machine hours 800 number of inspections 40,000 50,000 12,000 During the period, Job number 309 recorded the following: Direct materials GHS900 Direct labour 30 hours at GHS40 per hour Machine hours - 80 Number of inspections - 5 It is company policy to earn a profit margin of one-sixth. Required: i. State any three (3) factors to be considered in selecting a cost driver. ii. Compute the cost drivers rates for Swaggering ladies for the year 2010 iii. Determine the cost, and hence, the selling price of Job number 309 under the activity-based costing system