The budgeted information relates to Brunti for the forthcoming period. Products XYI YZT Sales and production (units) 50,000 40,000 $ $ Selling price per unit 45 95 Prime cost per unit 32. 84 Hours Hours Machine department (machine hours per unit) 2. 5 Assembly department (labour hours per unit) 7 3 ABW 30,000 $ 73 65 Hours 4 2 Overhead allocated and apportioned to production departments were as follows: Machine department $504,000 Assembly department $437,000 You ascertain that the above overheads could be re-analysed into cost pools as follows Cost pool $000 Cost driver Quantity for the period Machining services 357 Machine hours 420,000 Assembly services 318 Direct labour hours 530,000 Set up costs 26 Set ups 520 Order processing 156 Customer orders 32,000 Purchasing 84 Suppliers' orders 11,200 941 You have also been provided with the following estimates for the budget period. Product XYI YZT ABW Number of setup 120 200 200 Customer order 8,000 8,000 16,000 Suppliers' order 3,000 4,000 4,200 Required: Prepare and present budgeted profit statement using: (a) Conventional absorption costing, and (b) Activity base costing