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| Fourstones Fourstones currently produces two products, the Stone and the Haugh. It currently uses a standard absorption costing system to calculate inventory values and cost of sales. It has, up to now, used a labour hour basis to absorb fixed production overheads into the cost of production. Budget data relating to the company’s two products are as follows.  Fourstones is considering moving towards an Activity Based Costing (ABC) system. It has identified the following activities undertaken within the factory and has allocated its overheads to each activity.  RequiredCalculate the full production cost per unit and net profit for each product using Activity Based costing (10 marks) |