The ABC Company makes and sells four technology products: P1, P1, P3, and P4. The total annual expenditure for the plant is $200,000 for depreciation, $700,000 for utilities, $200,000 for procurement, and $150,000 for supervision. The labor and machine hours and material cost required to manufacture the products are shown in Table 1. P1 PZ P3 P4 5000 Product Annual produced quantity Material cost per unit (S/unit) Labor hours per unit (hr/unit) Labor cost per unit (S/unit) Machine hours per unit (hr/unit) Machine cost per unit ($/unit) 2200 20 2. 60 2400 30 3 30 2600 45 3 20 1 60 3 50 2 60 2 60 3 50 (a) Estimate the annual direct cost of product P4. (b) Estimate the annual indirect cost of product P4 using the ABC method (5 points) (5 points)