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XML Company produces two types of bags (Special and Classic). Data related to the two products for the year 2021 are presented below: The following

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XML Company produces two types of bags (Special and Classic). Data related to the two products for the year 2021 are presented below: The following data are related to the activities of the company: Requirement: a. Calculate the MOH rate for each activity under the activity-based costing system, (1.5 marks) b. Calculate the allocated manufacturing overhead cost for Special and Classic under the activity-based costing system. ( 3 marks) c. Calculate the cost per unit for each product (Special and Classic). ( 3 marks) d. If the company applied the traditional costing system during the year 2021 and the cost per unit for each product (Special and Classic) was $10 and $6.55 (respectively), which product would be overcosted and which product would be undercosted?.(2 marks) e. Which costing system, traditional or activity based costing, does provide more accurate results? (Explain) (1.5 mariks)

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