The Wicked Cheese Company produce two types of specialist cheese, Vintage Cheddar and Triple Cream Brie. The company currently uses a traditional costing system with total manufacturing overhead of $250 OOO being applied to the two products according to their proportion of direct labour dollars. Assume the following production and cost information for the most recent year: Triple Cream SO OOO Number of 150 gm packages produced Unit cost information Direct materials Direct labour Manufacturing overhead Vintage Cheddar 200 OOO $2.00 $1.00 $4.00 $2.00 The company has conducted ABC analysis and traced the manufacturing overhead costs to four (4) activity pools, with the following cost drivers (see table below): Activity Cost Pool Total Cost Amount of Cost Driver Purchasing and receiving $25 000 250 000 Kilograms of raw materials Setup for production $50 OOO 400 Number of batches Pasteurising and heating $70 000 75 OOO er of pasteurising days Quality control $105 000 19 000 Number of inspection TOTAL $250 000 Below, is the activity related information has been collected for each of the two products: Vintage Triple Cream Cheddar Brie Kilograms of raw materials 200 000 50 000 Number of batches 200 200 Number of pasteurising days 10 000 45.000 Number of inspections 2 000 13 000 Required: 1. Calculate the total manufacturing cost per package for each of the type different types of cheese using the traditional costing method. Show all workings. [3 marks] 2. Calculate the total manufacturing cost per package for each of the type different types of cheese using the ABC costing method. Show all workings. [7 marks] 3. Compare the manufacturing cost of each product using the traditional system vs ABC costing. Which product was under costed under the traditional system when compared to ABC? Show all workings. (4 marks]