Juggernaut Holdings is introducing Product H, each of which requires 8 hours in production, 12 hours in assembly and 4 hours in despatch. Product H has direct (materials and labour) costs of $740 per unit. The overhead costs and direct labour hours for the three production departments are: Production Assembly Despatch Overheads $432,000 $220,000 $140,000 Direct labour hours 12,000 10,000 7,000 The overhead costs have been traced to cost pools and cost drivers have been identified for each cost pool. The cost pools and their cost drivers are: Cost pool Cost driver Order processing 100,000 25,000 customer orders Purchasing 200,000 10,000 Purchase orders Operations 450,000 60,000 direct labour hours Distribution 42,000 5,000 deliveries 400 units of Product H are produced. The product causes 1,000 customer orders, 700 purchase orders, 29,000 direct labour hours and 2,000 deliveries. a. Calculate the total cost of each Product H using: i. Absorption costing using a business-wide overhead recovery rate (2 MARKS) ii. Absorption costing using departmental overhead rates (2 MARKS) iii. Activity-based costing