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Question 03: a) In what fundamental ways does activity-based costing differ from traditional costing method?[02] b) Smart Office Decorator makes a single product-Standard Model Cabinet. The company has two overhead departments whose costs are listed below: Manufacturing overhead TK. 5,50,000 Selling and administrative overhead 3,50,000 Total overhead costs 9,00,000 The company's ABC system has the following activity cost pools and activity measures: Activity Cost Pools Activity Measure Assembling units Number of units Processing orders Number of orders Supporting customers Number of customers Other Not applicable The distribution of resource consumption across the activity cost pool is as follows: Assembling Processing Supporting Other units orders customers Manufacturing overhead 50% 40% 5% 5% Selling and administrative overhead 15% 50% 20% 15% Total activity 1 100 units 245 orders 90 customers Required: i) Perform the first stage allocation of overhead costs to the activity cost pools. [02] ii ) Compute activity rates for the activity cost pools. [02] iii ) Future Commerce College (FCC) is one of Smart Office Decorator's customers. Last year, FCC ordered cabinets 5 different times. FCC ordered a total of 120 cabinets during the year. Construct a table showing the overhead costs attributable to FCC. [02] iv) The selling price of a cabinet is Tk. 600. The cost of direct materials is Tk. 150 per cabinet, and direct labor is Tk. 60 per cabinet. What is the customer margin of FCC? [02]