{The following information applies to the questions displayed below.) MedTech, Inc., manufactures and sells diagnostic equipment used in the medical profession. Its job costing system was designed using an activity-based costing approach. Direct materials and direct labor costs are accumulated separately, along with information concerning four manufacturing overhead cost drivers (activities). Assume that the direct labor rate is $18 per hour and that there were no beginning inventories. The following information was available for 2016, based on an expected production level of 640,000 units for the year: Budgeted Costs for Cost Driver Used as Allocation Activity Cost Driver 2016 Base Cost Allocation Rate Materials handling $ 3,900,000 Number of parts used $ 225 per part Milling a and 8,600,000 Number of machine hours 13.50 per hour Assembly and inspection 5,900,000 Direct labor hours worked 5.25 per hour Testing 1,600,000 Number of units tested 2.50 per unit agrinding The following production, costs, and activities occurred during the month of August: Units Produced/Tested Direct Materials Number of Parts Machine Costs Used Hours $3,400.000 285.000 95,000 Direct Labor Hours 52,000 155.000 Required: a. Calculate the total manufacturing costs and the cost per unit produced and tested during the month of August for MedTech, Inc. Total manufacturing cost Cost per unit produced and tested b. Which of the following are the advantages of the ABC approach relative to using a single predetermined overhead application rate based on direct labor hours. (Note: You do not have to calculate the overhead that would be applied for the month of August using this alternative method.) (Select all that apply.) ABC does not help in decision-making ABC systems produce more accurate financial information. ABC approach is likely to provide better information to manufacturing managers. ABC helps in decision-making ABC systems produce more accurate product costing information